Time to go all in for China A shares ?
تم تحديثه
Read positive news here and here
I am of the opinion dips are for further accumulation as I am bullish on China story for the long term.
But I won't recommend going all in or show hands with China A shares. There are still many unknown factors in the market , Q2 GDP data, unemployment in China, business activities , US-China trade war, Huawei saga, investigation of China on independent Covid-19 virus spread, etc.
So, do diversify your risks , calculate your position sizing, always have a Stop Loss and manage your positions, not taking for granted things will go the way you want. Have contingencies.
Of course, the longer your time frame of holding , the less concerned you are with the daily volatility.
I am of the opinion dips are for further accumulation as I am bullish on China story for the long term.
But I won't recommend going all in or show hands with China A shares. There are still many unknown factors in the market , Q2 GDP data, unemployment in China, business activities , US-China trade war, Huawei saga, investigation of China on independent Covid-19 virus spread, etc.
So, do diversify your risks , calculate your position sizing, always have a Stop Loss and manage your positions, not taking for granted things will go the way you want. Have contingencies.
Of course, the longer your time frame of holding , the less concerned you are with the daily volatility.
ملاحظة
marketwatch.com/story/the-us-is-now-the-most-powerful-empire-but-it-is-in-relative-decline-as-chinese-power-is-rapidly-rising-says-founder-of-worlds-largest-hedge-fund-2020-05-21?mod=home-pageIf what Ray Dalio prediction comes true, I hope to be able to live through this stage to witness this glorious day. Emotions aside, would you rather put your money with the No. 1 or the upcoming No. 2 stock market ? To each his own and who you decide determines the amount of research work you put in.
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faster than i expect it to drop and a fierce one too. Wait for the next few candles before adding moreملاحظة
can you spot the reverse H & S pattern ? 28 Apr 0900 hour is the left shoulder , 01 May 0900 hour to 05 May 1300 hour as the head and 22 May 1300 as the right shoulder. If this pattern is accurate, then we can expect a reversal. Let's seeملاحظة
Look at the 25, 28 and 29 May candles, each time it touches the bullish trend line , it rebounded.ملاحظة
those who are not in can wait for the resistance level 13,304 to be breaking out first.ملاحظة
Praise the Lord. Congrats to those who long at 13,304 as you see a nice gap up and the bullish trend continues....ملاحظة
13,645 sits on the resistance turn support zone now. It has a higher chance of pushing higher from here.
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