I am a strong believer of technical analysis, It simplifies the process of dicition making. Building a new long position in Bank of China Limited . :)
mest capital indicator has generated an alert of going "SHORT" for 000001 "SSE COMPOSITE INDEX " Happy trading 🙏
Good Technical and Fundamental , Target 160, Duration 1 to 5 months......... keep on eye...
Good Technical and Fundamental . Target 37 , Duration 1 to 5 months... Target track added.......
China Index - 50% retracement from highs
The further abc down is an assumption. we have to watch the levels to confirm the movements.
The STAR Innovation looks doing the corrective downside in a wxy. The W is made, X is in the process, With this assumption, the downward Y is expected min at 1217.
The up trend will continue for sometime, the analysis points to that.
The index seems reached/completed the correction, The levels needs to be verified for further movement and confirmation of the structure. There are some confusion at the end of the waves and clarity will come when observed the levels
It is understandable that the downward correction has room for further down movement, Ultimately giving path to further strongness later.
China Index seems preparing to go up, The correction wave 4 needs to be watched for completion.
SSE SHANGHAI Support good enough to hang out at 2054-2001. RSI almost near the oversold zone. Demand zone can be seen between 50%-61.8%. Candle has been long legged doji. A swing bottom now with higher low and higher high can resume a rise. In that case expect rise towards 2174-2200 which will be the supply zone. Range bound swing and volatility...
After long period of consolidation, SAIC is of all Chinese E-Cars Producers in second line. But - Most others (NIO, BYD etc) gained in a very short time. The potential is in short time limited, especially NIO is very much too high. In hunting other shares, the market will discover SAIC & push'em up. technical remarks: - good OBV - outbreak Chanel - double bottom...
SZSE:300750 Based on our previous analysis (see below), today the 300750 is giving us a strong buy signal.
TODAY WE HAVE A BUY SIGNAL, BECAUSE WE SEE BREAKOUT EQUELIBRIUM ZONE