Heng Soon Teo
reacted to and commented on
Columns Today's Market Recap 28/9/21
$S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $NASDAQ 100 Index (.NDX.US)$ The three major US stock indexes are subject to the Bollinger Bands axis. The trend of the three major US stock indexes this week will become the key. If you pay attention to Wang Zi's posts in the past two trading days, you should reduce your holdings of US stocks until the three major US stock indexes return to the middle of the Bollinger Bands axis.
The trend of the $Hang Seng Index (800000.HK)$ was weak. Although the level of 24,500 to 24,600 has been tried again in the past two trading days, it has returned. Just looking at the constituent stocks to increase individual stocks, it is obvious that investors lack confidence in the real economy.
I personally think that the stock price of $MEITUAN-W (03690.HK)$ will eventually fall below 100 in the bear market, and the stock price of $TENCENT (00700.HK)$ will fall to 200 in this bear market.
Personally think that we need to pay attention to the downward adjustment of the US stock market. There are too many high-valued component stocks in the Hang Seng Index. Personally, I believe that the Hang Seng Index should be adjusted to the level of 20,000 points throughout the bear market cycle.
Still optimistic in the fourth quarter?
Since the first three quarters of this year were all down, if there are economic stimulus measures in the fourth quarter, I personally think that there is a real chance to try the 27,200 level.
As mentioned before, bear markets should be prudent to invest and avoid buying high-valued stocks.
The trend of the $Hang Seng Index (800000.HK)$ was weak. Although the level of 24,500 to 24,600 has been tried again in the past two trading days, it has returned. Just looking at the constituent stocks to increase individual stocks, it is obvious that investors lack confidence in the real economy.
I personally think that the stock price of $MEITUAN-W (03690.HK)$ will eventually fall below 100 in the bear market, and the stock price of $TENCENT (00700.HK)$ will fall to 200 in this bear market.
Personally think that we need to pay attention to the downward adjustment of the US stock market. There are too many high-valued component stocks in the Hang Seng Index. Personally, I believe that the Hang Seng Index should be adjusted to the level of 20,000 points throughout the bear market cycle.
Still optimistic in the fourth quarter?
Since the first three quarters of this year were all down, if there are economic stimulus measures in the fourth quarter, I personally think that there is a real chance to try the 27,200 level.
As mentioned before, bear markets should be prudent to invest and avoid buying high-valued stocks.
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$FuelCell Energy (FCEL.US)$ After a big move up in late 2020 we have been cooling off for awhile, believe shorts are covered and whales have started accumulating again. I see lots of people shorting the 5-6$ range which is not all in the red. This is good for those that know what will happen. The pattern i see on the daily as shown but also the weekly is a falling wedge which is a bullish pattern . The fact it is clear on the weekly gives me lots of confidence this pattern is real and will hit its measured move. I don't like targets because they are not to reliable but using the line tool, the measured move is right under the recent high while the measured move using % put its slightly above the resistance. The risk reward ratio is good for me. Also their is a triple bullish divergence on the daily which is usually a very bullish sign. Some may say its a quadruple but I don't believe we moved down enough that first wave so I count it as a triple but still! I love that we had good news on mainstream news the other day, but does worry me because we all know what CNN and MSNBC do to retail investors. Lastly this is not financial advice and let me know what you think.
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$eXp World (EXPI.US)$ looks ready to make a run for it next week.
Making it to my watchlist after this weekend's scan.
* OBV new high before price
* Multiple pocket pivots during base build up
Making it to my watchlist after this weekend's scan.
* OBV new high before price
* Multiple pocket pivots during base build up
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$Hewlett Packard Enterprise (HPE.US)$ Per the Strat, this week I'm watching ticker HPE for a weekly entry trigger at 13.60 (last weeks high). If that trigger is met, I'll look for it to reach a magnitude of 14.41 (week before last weeks high). If it can reach magnitude, then it could also continue up to previous highs. Just look out for exhaustion risk to the upside if it continues up after the original 14.41 magnitude.
$Twitter (Delisted) (TWTR.US)$ Twitter as you know has been a laggard amongst Big Tech.
It may have just found a spark to start to next leg of growth.
Allowing tweeters to receive tips in Bitcoin could be that spark.
$ 67. 01 is the KEY resistance fib that was pinged today.
$ 78.29-79.50 is a fib confluence that marked last top.
$ 56.28-56.91 is a MUST hold to maintain uptrend here.
It may have just found a spark to start to next leg of growth.
Allowing tweeters to receive tips in Bitcoin could be that spark.
$ 67. 01 is the KEY resistance fib that was pinged today.
$ 78.29-79.50 is a fib confluence that marked last top.
$ 56.28-56.91 is a MUST hold to maintain uptrend here.
$Hang Seng Index (800000.HK)$ It is easy to short-selling in US stocks, while short-selling in Hong Kong stocks is easy to short-selling. The $HSI Futures Current Contract (HSIcurrent.HK)$is subject to too much selling pressure from above, or there is no selling pressure, but the power to do more is too weak. The possibility of a direct pull-up in the near future is low.
$TENCENT (00700.HK)$ has been repurchasing the stock price has been falling, why? The market value is 4.45 trillion yuan, which is a drop in the money for repurchases. Tencent is facing huge regulatory uncertainty. The Tencent department as a whole has been hit. The opening of external links has moved the ecological foundation of Tencent's traffic. The entire Chinese concept stock is no longer seen by mainstream capital...
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$U.S. 30-Year Treasury Bonds Yield (US30Y.BD)$ Looks like US30 has been taking on a Downward orderflow on the bigger Timeframes.
Im looking to go short on a potential OrderBlock
$Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$
Im looking to go short on a potential OrderBlock
$Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$
Heng Soon Teo : anyone still there
Heng Soon Teo : it a buy?
Heng Soon Teo :
Heng Soon Teo : the stock price already 4% up