China A50Long
Flood Gate is Open Now
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There are still some uncertainty over US - China trade agreement especially in intellectual property, technology transfer and the human rights issue in Hong Kong. These are challenges that would take a longer time to iron out but eventually some form of agreement would be reached, imo.
As seen on the 4H chart, price action is on a bullish trend with minor correction on the way. This would be opportunity for buyers who missed earlier.
1. It breaks out of 14099 resistance level and continue to charge higher.
2. It corrects towards the bullish trend line (green) and then rebound.
Note - if price breaks down the bullish trend line, buying ceases till we examine the price action further. Though this can possibly happen but I doubt the probability of it happening now.
As seen on the 4H chart, price action is on a bullish trend with minor correction on the way. This would be opportunity for buyers who missed earlier.
1. It breaks out of 14099 resistance level and continue to charge higher.
2. It corrects towards the bullish trend line (green) and then rebound.
Note - if price breaks down the bullish trend line, buying ceases till we examine the price action further. Though this can possibly happen but I doubt the probability of it happening now.
Note
cnbc.com/2019/12/16/asia-stocks-dec-16-us-china-phase-one-deal-apple-suppliers-oil-and-currencies.htmlPraise Lord, the price continues to go up north. Just a bit more and we are out of the resistance zone.
Note
meet some resistance at 14300 level. it offers some discount for those who have yet to buy into this index or those who likes to accumulate on weakness.
Note
we are adding long.Praise Lord for the lower price we can get.
Note
Praise Lord. It went up 1.81 % yesterday.Note
added, another buying opportunity
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