China Bull is charging ahead

22 déc. 2019

cnbc.com/2019/12/20/xi-jinping-says-phase-one-trade-deal-benefits-both-us-and-china.html


The 4H chart is currently showing a pennant pattern and I expect the price to break up 3041.016 (the resistance point) and close above it.

Every correction is a buying opportunity!

I have repeatedly express my optimism on China and related stocks/ETF as compared to US market. While US market still have room to go, I think the potential upside is much much lesser compared to China. My allocation will be 70% China and 30% US.

23 déc. 2019

Note

marketwatch.com/story/china-reportedly-will-lower-tariffs-on-hundreds-of-products-in-2020-2019-12-22?mod=home-page

24 déc. 2019

Note

we are adding long

26 déc. 2019

Note

Praise Lord. The price action follows nicely the bullish trend line and is behaving very healthy at this juncture.

Congrats to those who long with us

30 déc. 2019

Note

Praise Lord. Those who hold till now may want to consider taking some profits as we are near the resistance level at 3041.016. It may retrace before touching that level, breakout and continue to go up or , a false breakout,etc. There are many possible options which the Market can go.

Know your own risk appetite , that way you would not find trading stressful. It is alright to earn 10 bucks instead of 50 bucks and no need to regret for it. Had we all know the future, we probably sell our entire house and sink into the market, haha. So, take it with a pinch of salt, the winning amount is not as important as getting it right most of the time. The latter would put you in a good state and will not cloud your judgement in placing the trade. So enjoy the profits, whatever amount you have. Cheers

31 déc. 2019

Note

Praise Lord.
The price action has now break out of the resistance at 3041.016. Now we wait for pull back tomorrow and continue the upward action. Congrats to those who followed.