Reopening trade is dead in the water.The Hang Seng broke below 19k. Copper is heading lower. Iron Ore futures in Shanghai and Singapore have dropped. This is not good for China. Short it
CHINAA50 trade ideas
China50 continues to be a short.CHN50 - 24h expiry - We look to Sell at 12650 (stop at 12730)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 12750 level.
Our profit targets will be 12450 and 12410
Resistance: 12790 / 13180 / 13660
Support: 12400 / 11845 / 11140
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NEW IDEA FO XINUSDIt seems that the Chinese stock market index is forming a descending harmonic cipher pattern in the one-hour time frame, and therefore it is likely that the rate will increase in an upward rally to the resistance of 13366.
CHINA50 to stem dip?CHN50 - 24h expiry - We look to Buy at 12845 (stop at 12755)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Previous support located at 12830.
The hourly chart technicals suggests further downside before the uptrend returns.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Preferred trade is to buy on dips.
Our profit targets will be 12995 and 13045
Resistance: 13180 / 13660 / 14440
Support: 12790 / 12400 / 11845
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Looking for CN50 rallies.CHN50 - 24h expiry
Buying pressure from 12916 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 13355 level.
We look to Sell at 13355 (stop at 13455)
Our profit targets will be 13105 and 13055
Resistance: 13660 / 14440 / 15080
Support: 12790 / 12400 / 11845
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
CN50 to find support at previous swing low?CHN50 - 24h expiry - We look to Buy at 13005 (stop at 12925)
We are trading at oversold extremes.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Our short term bias remains positive.
The hourly chart technicals suggests further downside before the uptrend returns.
Further upside is expected although we prefer to set longs at our bespoke support levels at 13000, resulting In improved risk/reward.
Our profit targets will be 13205 and 13255
Resistance: 13660 / 14440 / 15080
Support: 12785 / 12400 / 11845
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
CN50 to find support at previous resistance?CHN50 - 24h expiry
Selling posted in Asia.
The current move lower is expected to continue.
Short term bias has turned positive.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 13200 level.
We look to Buy at 13205 (stop at 13125)
Our profit targets will be 13405 and 13445
Resistance: 13660 / 14440 / 15080
Support: 13180 / 12790 / 12400
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
China50 to stall at previous resistance?CHN50 - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The hourly chart technicals suggests further upside before the downtrend returns.
The bias is still for lower levels and we look for any gains to be limited.
Further downside is expected although we prefer to sell into rallies close to the 13375 level.
We look to Sell at 13320 (stop at 13399)
Our profit targets will be 13119 and 13069
Resistance: 13660 / 14440 / 15080
Support: 12790 / 12400 / 11845
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
RESULT for the Color Experiment Nice coincidences. Not much else to say. It was a fun ride until the end. No money was lost or made during this experiment. Check related idea for better context. Best thing about publishing ideas on this site is that you can check them on a desktop, press the right arrow on the chart and it shows what the price did after posting it. Some experiments look interesting.
China A50 hello traders
i am looking for buy zone in chinna A50 , you can see this head and shoulder ... you can buy in the price reversal zone on fibo 0.618 + and dynamid supourt ...
what is A50????
The FTSE China A50 Index is the benchmark for investors to access the China domestic market through A Shares – securities of companies incorporated in mainland China and traded by Chinese and institutional investors under the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor (QFII & RQFII) regulation. It is a real-time, tradable index comprising the largest 50 A Share companies by full market capitalisation of the securities listed on the Shanghai and Shenzhen stock exchanges.
The FTSE China A50 Index is a free-float adjusted, liquidity-screened index. It is reviewed quarterly in March, June, September and December to ensure the index remains representative of the underlying China market. The index offers the optimal balance between representativeness and tradability for China’s A Share market. It can be used as the basis for on-exchange and OTC derivative products, mutual funds and ETFs.
China50 to see a limited rally?CHN50 - 24h expiry -
Buying pressure from 12830 resulted in prices rejecting the dip.
The current move higher is expected to continue.
With the Ichimoku cloud resistance above we expect gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 13100 level.
We look to Sell at 13095( stop at 13205)
Our profit targets will be 12825 and 12765
Resistance: 13180 / 13660 / 14440
Support: 12790 / 12400 / 11845
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Sell signal CN50We may have a few weeks/months of downtrend continuation ahead if remain below last decade's dynamic support
China Ready For Another Bull Run?If the pattern repeats then the next two years could provide consecutive 20-25% returns
'Can China’s Long-Term Growth Rate Exceed 2–3 Percent?' SummaryThis is a summary of Michael Pettis' 'Can China’s Long-Term Growth Rate Exceed 2–3 Percent?' carnegieendowment.org
As the text was quite long, this summarizes some critical points.
China's high investment share of GDP and growing debt burden are interrelated, stemming from an investment-driven growth model that began in the 1980s when the country needed significant investment in infrastructure, urban property development, and manufacturing facilities. High domestic investment required high domestic savings, leading to a rapid savings increase by constraining household consumption and income growth. Policymakers now recognize the need to rebalance China's economy towards domestic consumption.
High investment levels initially benefited the Chinese economy, as productive investment grew at the fastest pace in history. However, a successful development model should make itself obsolete, and China has closed the gap between its actual investment level and the level its businesses and workers can productively absorb. As productivity benefits of additional investment decline, more investment begins to generate less economic value than the value of employed resources. This can be observed in China's increasing debt numbers.
Countries that followed this growth model experienced a period of rapid, sustainable growth with stable debt levels, followed by a period of rapid, unsustainable growth driven by a surging debt burden. China entered this phase around fifteen years ago. Therefore, the investment share of China's GDP must decline sharply in the next few years, as the conditions that made high investment levels sustainable no longer exist. Historical precedents suggest that reducing the investment share of GDP to a sustainable level is better for the economy's long-term health, growth, and stability.
In this context, rebalancing the Chinese economy will require significant adjustments in its economic structure. Beijing must focus on boosting domestic consumption, though this would likely result in a decline in China's annual GDP growth to around 2-3 percent for many years. The current investment share of GDP is extraordinarily high, making it difficult to reduce it without significantly affecting overall economic activity.
Policymakers in Beijing have increasingly called for an expansion in the role of consumption, but there are significant political constraints in implementing such policies. Rebalancing would require consumption to grow faster than GDP and GDP to grow faster than investment. This implies transferring income from governments and businesses to households, a process that has not yet seen concrete proposals.
The decline in growth will be unevenly distributed, with local governments bearing the brunt of the adjustment while ordinary Chinese people experience less impact. This also means that sectors of the global economy that depend on Chinese investment growth will be more affected, while those reliant on Chinese consumption will be less impacted.
China's investment share of GDP currently stands at around 42-44 percent, which is unsustainable in the long run. For the purposes of this analysis, it is assumed that China should reduce its investment share to 30 percent over ten years, a level typical of rapidly developing economies. As investment declines, the consumption share of GDP must rise.
Michael presents five scenarios under which China can rebalance its economy:
A. Rebalance with a surge in consumption: China's consumption would need to grow by 6-7% annually, while investment grows by 0-1% annually, resulting in a GDP growth rate of 4% over ten years. However, this requires politically difficult income transfers from local governments and wealthy individuals to households.
B. Rebalance while maintaining current consumption growth rates: Consumption growth would remain at 3-4%, with investment contracting by 1-2% annually. This would lead to an average annual GDP growth rate of 1.5% over ten years.
C. Rebalance with a sharp decline in consumption growth: If consumption growth drops to 1-2% annually, the investment must decline by nearly 3% annually, leading to flat GDP growth.
D. Rebalance with a sharp contraction in GDP: This scenario involves a short-term, severe GDP contraction but is considered politically disruptive and unlikely.
E. Rebalance over a much extended period: If China takes 15-20 years to rebalance, with consumption growth at 3-4% annually, GDP growth will drop to 2% and 2.5%, respectively.
Key points include the limited ways China can rebalance, the difficulty in maintaining a high investment share indefinitely, and the necessity of a surge in consumption growth for a more balanced economy. Rebalancing will involve slower GDP growth without faster consumption growth, driven by significant and politically challenging income transfers.
In conclusion, China's rebalancing process will require significant adjustments in its economic structure. The country must reduce its reliance on investment and increase the role of consumption in driving growth. However, the political constraints and the impact on various sectors of the economy make this a challenging task for policymakers. The five scenarios presented illustrate the complexities of the rebalancing process and emphasize the need for a well-thought-out and carefully executed strategy.
China's future economic health depends on its ability to navigate these challenges and transition to a more sustainable growth model. Beijing must strike a delicate balance between addressing political constraints and implementing policies that promote consumption growth while minimizing the negative impacts on various sectors and local governments.
Moreover, the global economy is intricately connected to China's growth trajectory. As China undertakes the rebalancing process, the repercussions will be felt in sectors reliant on Chinese investment and consumption. Businesses and governments worldwide must closely monitor the situation and adapt to these changes.
This analysis highlights the importance of understanding the complexities of China's rebalancing process and its implications for the Chinese and global economies. As China grapples with these challenges, the world must brace itself for the changes arising from this monumental shift in the world's second-largest economy. Only time will tell if China's rebalancing efforts will successfully pave the way for a more stable and sustainable economic future.
Lower correction expected from CN50.CHN50 - 24h expiry - We look to Buy at 13045 (stop at 12975)
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 13369.
Price action looks to be forming a top.
A lower correction is expected.
Short term bias is mildly bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 13245 and 13660
Resistance: 13660 / 14440 / 15080
Support: 13180 / 12790 / 12400
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Looking for CN50 to stall at resistance.CHN50 - 24h expiry - We look to Sell at 13105 (stop at 13205)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 13115 level.
Our profit targets will be 12815 and 12715
Resistance: 13110 / 13570 / 14235
Support: 12640 / 12070 / 11140
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
CN50 to break lower?CHN50 - 24h expiry - We look to Sell a break of 12812 (stop at 12875)
Selling pressure from 13020 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
Previous support located at 12812.
The medium term bias remains bearish.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 12812, which will confirm the bearish sentiment.
Our profit targets will be 12630 and 12400
Resistance: 13180 / 13660 / 14440
Support: 12790 / 12400 / 11845
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Furthside downside is expected from CN50.CHN50 - 24h expiry - We look to Sell at 13180 (stop at 13260)
Buying pressure from 13031 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 13180 level.
Our profit targets will be 12950 and 12790
Resistance: 13180 / 13660 / 14440
Support: 12790 / 12400 / 11845
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
CN50 to find support at previous resistance?CHN50 - 24h expiry - We look to Buy at 13350 (stop at 13245)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
The 50% Fibonacci retracement is located at 13357 from 13116 to 13599.
Further upside is expected although we prefer to buy into dips close to the 13350 level.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 13660 and 14440
Resistance: 13660 / 14440 / 15080
Support: 13180 / 12790 / 12400
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Buying CN50 at current swing low.CHN50 - 24h expiry - We look to Buy at 13261 (stop at 13101)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Trading within a Bearish Channel formation.
Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 13661 and 13741
Resistance: 13570 / 14235 / 15080
Support: 13110 / 12645 / 12070
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Buying CN50 at trend of higher lows.CHN50 - 24h expiry - We look to Buy at 13540 (stop at 13470)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The trend of higher lows is located at 13455.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the uptrend returns.
We look to buy dips.
Our profit targets will be 13740 and 14235
Resistance: 14235 / 15080 / 16150
Support: 13110 / 12645 / 12070
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
