4 weekly charts of Zijin Mining (2899.hk) showing it’s chart pattern develop from 13 July 2017 till present. Key features are: uptrend, new 52-week high, base-building evident, support from moving average roadmap.
A bear market need not always crash. Sometimes, it can go through a slow motion deflation History provides us with 2 good examples: the post-Subprime crash and the post-Tech Bubble correction. Better not to have preconceived ideas, just react accordingly.
Daily and weekly analysis of SG30 (SiMSCI) based on exponential moving average lines as well as time period boxes. Trend is in bears favour as price has printed lower highs and lower lows in the past 3 weeks. Moving averages are now showing resistance as well as breaking down to lower lines.
A look at simple price action indication of change of trend: price expansion. A bearish price expansion terminates an uptrend sequence of higher highs, higher lows while a bullish price action does the opposite. Making a trade entry after such a signal ensures that we got the trend and timing correct.
A big bearish setup we spotted in EURNZD back in January appears to be now in play. An anticipated Head and Shoulders reversal did not complete but since transformed. However the key feature which is a resistance going back to 2005 remains intact. A trendline break and bearish expansion sends a signal.
A quick look at AUDUSD chart which is now sitting on a significant potential support and with RBA cash rate and statement in mere minutes. Additionally I share an article on Chinese on-the-ground reaction to tariff on US pork imports.
Monthly candlestick and line charts of UOB (U11.si) going back to 1997. 4 decades-long-trendlines for long term investors. One particular line spanning from 2001 to present connects 4 turning points that could be considered a high probability support.