Chinese stocks rebounded, stop the profit or copy the bottom?
$iShares China Large-Cap ETF(FXI.US$ $Direxion Daily FTSE China Bull 3X Shares ETF(YINN.US$ $Tencent(TCEHY.US$ $S&P 500 Index(.SPX.US$
Recently, Chinese stocks have entered a state of overfall, drawing a line for FXI with Wolf God GMMA. From the monthly line level, the next support level may be in the range of 26.2-27.8. After entering this range as scheduled on Monday, the small positions were laid out a few hands. It rebounded as scheduled on Tuesday and the market is expected on Wednesday, but it is important to remember that it is only a rebound, not a reversal! For the Chinese stocks in hand, every rebound at this time is either an opportunity to escape or an opportunity to stop making a profit.
Why would you say that? You can also see from Tencent's weekly GMMA that Tencent has never fallen below the support of the GMMA weekly long-term moving average group since August 2004, but now it does fall below the support of the weekly GMMA long-term moving average group. What does this mean? This shows that Tencent has fallen below the trend of nearly 20 years! In this case, do not have any illusions that China-listed stocks will soon return to the upward trend, so there will be a rebound, but not a reversal. If I enter the market on the left, I will only suck on bargain and sell on sale.
It is not easy for the stock market to do this year, the trend of the bull market has fallen below, and it is not clear whether the bear market will come. Our analysis of the market requires constant trial and error and learning. Personally, I think learning methods are more important. During the day, because there is no time to mark the disk, it is better to stay still than to be trapped, and first listen to the tubing to learn the technical index analysis method from the teacher, and use the GMMA index to analyze the support and pressure level. At least, it is found that the technical analysis is more reliable than chasing the news. Now there is a lot of information on the Internet. I hope you can also find suitable learning methods and mentors to follow. Search for the analysis of the reading notes on the legendary experience of Wall Street stock guru Jesses Livermore, and maybe you can also find the mentor I followed!
Recently, Chinese stocks have entered a state of overfall, drawing a line for FXI with Wolf God GMMA. From the monthly line level, the next support level may be in the range of 26.2-27.8. After entering this range as scheduled on Monday, the small positions were laid out a few hands. It rebounded as scheduled on Tuesday and the market is expected on Wednesday, but it is important to remember that it is only a rebound, not a reversal! For the Chinese stocks in hand, every rebound at this time is either an opportunity to escape or an opportunity to stop making a profit.
Why would you say that? You can also see from Tencent's weekly GMMA that Tencent has never fallen below the support of the GMMA weekly long-term moving average group since August 2004, but now it does fall below the support of the weekly GMMA long-term moving average group. What does this mean? This shows that Tencent has fallen below the trend of nearly 20 years! In this case, do not have any illusions that China-listed stocks will soon return to the upward trend, so there will be a rebound, but not a reversal. If I enter the market on the left, I will only suck on bargain and sell on sale.
It is not easy for the stock market to do this year, the trend of the bull market has fallen below, and it is not clear whether the bear market will come. Our analysis of the market requires constant trial and error and learning. Personally, I think learning methods are more important. During the day, because there is no time to mark the disk, it is better to stay still than to be trapped, and first listen to the tubing to learn the technical index analysis method from the teacher, and use the GMMA index to analyze the support and pressure level. At least, it is found that the technical analysis is more reliable than chasing the news. Now there is a lot of information on the Internet. I hope you can also find suitable learning methods and mentors to follow. Search for the analysis of the reading notes on the legendary experience of Wall Street stock guru Jesses Livermore, and maybe you can also find the mentor I followed!
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最后一颗小韭菜 : Pressure position 32, you can take a look at it here. If you don't get it, don't chase it, wait for 32 when the small position backhand short.
Chuan Zhao : This wave is too accurate.
JnJ2gther : Excuse me, if you want to buy BABA, what price can you wait for? Thank you
Mr RayLiang : Before rebounding, copy the bottom. The rebound is over, stop the profit.
FreideOP JnJ2gther: Go to the oil pipeline to search for Wolf Wang US stocks. Baba Jingdong and other Chinese stocks have been mentioned in the past two days, which is quite accurate.