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.
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faster than i expect it to drop and a fierce one too. Wait for the next few candles before adding more
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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 see
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Look at the 25, 28 and 29 May candles, each time it touches the bullish trend line , it rebounded.
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those who are not in can wait for the resistance level 13,304 to be breaking out first.
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Praise the Lord. Congrats to those who long at 13,304 as you see a nice gap up and the bullish trend continues....
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13,645 sits on the resistance turn support zone now. It has a higher chance of pushing higher from here.
If 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.