saMM4542
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$HTI Futures(NOV4) (HTImain.HK)$
$KraneShares CSI China Internet ETF (KWEB.US)$
$Alibaba (BABA.US)$
$TENCENT (00700.HK)$
$JD.com (JD.US)$
Hangseng tech index is consolidating pretty well today above the 5ema on the 4hr chart. It is still looking bullish as currently it is consolidating while waiting for 20SMA to catch up. China retail and industrial reports came out surprisingly better than expected which was forecasted to be weaker due to past 2 results showing a decline in growth.
As I said in my YouTube market outlook that this surprising result may actually help boost sentiment for China shares and we shall see if HSTI does break in to the 6610 range and go towards 6900 range to retest the resistance again.
If it does push up to 6900 with last week's rally, we may see kweb retesting 55 resistance which is by far one of the stronger resistance this year. Once it is broken, we should see kweb going towards 60+ range and hopefully reversing the trend for China tech stocks. Which is good news for big tech stocks like tencent, alibaba, JD, meituan, netease etc.
We may also see kweb retesting 55 and failing to break and see it coming back down to 47 to 50 range again back to consolidation zone until this clampdown is officially over before we see it rally back up.
So as always, trade safe & invest wise!
Do follow me so you don't miss out on my technical analysis!
Do help support my new YouTube channel for your twice a week TA and once a week market outlook!
https://www.youtube.com/channel/UCyPNjiwKhSL1p37lqyowuZw
$KraneShares CSI China Internet ETF (KWEB.US)$
$Alibaba (BABA.US)$
$TENCENT (00700.HK)$
$JD.com (JD.US)$
Hangseng tech index is consolidating pretty well today above the 5ema on the 4hr chart. It is still looking bullish as currently it is consolidating while waiting for 20SMA to catch up. China retail and industrial reports came out surprisingly better than expected which was forecasted to be weaker due to past 2 results showing a decline in growth.
As I said in my YouTube market outlook that this surprising result may actually help boost sentiment for China shares and we shall see if HSTI does break in to the 6610 range and go towards 6900 range to retest the resistance again.
If it does push up to 6900 with last week's rally, we may see kweb retesting 55 resistance which is by far one of the stronger resistance this year. Once it is broken, we should see kweb going towards 60+ range and hopefully reversing the trend for China tech stocks. Which is good news for big tech stocks like tencent, alibaba, JD, meituan, netease etc.
We may also see kweb retesting 55 and failing to break and see it coming back down to 47 to 50 range again back to consolidation zone until this clampdown is officially over before we see it rally back up.
So as always, trade safe & invest wise!
Do follow me so you don't miss out on my technical analysis!
Do help support my new YouTube channel for your twice a week TA and once a week market outlook!
https://www.youtube.com/channel/UCyPNjiwKhSL1p37lqyowuZw
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why drop so much?
saMM4542
reacted to
$BlackBerry (BB.US)$ pls drop to $10 many of us want to redeem stock card
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saMM4542
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For beginners, placing an order sometimes can be a difficult task.
In this video, we will guide you on how to place a market/limit order.
Follow us for more tutorials.
For more guides, please refer to moomoo courses at https://live.moomoo.com/college
Have fun with your financial journey on moomoo!
$AMC Entertainment (AMC.US)$ $Tesla (TSLA.US)$ $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Nasdaq Composite Index (.IXIC.US)$
In this video, we will guide you on how to place a market/limit order.
Follow us for more tutorials.
For more guides, please refer to moomoo courses at https://live.moomoo.com/college
Have fun with your financial journey on moomoo!
$AMC Entertainment (AMC.US)$ $Tesla (TSLA.US)$ $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Nasdaq Composite Index (.IXIC.US)$
6131
6909
$Sea (SE.US)$ my first buy.. hopes goes up up
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Asia stocks to track U.S. rally as traders buy dip: markets wrap
Asian stocks look set to snap three days of losses after bargain hunters drove U.S. equities to the biggest advance since March as anxiety over the economic impact of coronavirus flareups eased. Treasury yields rose.
Futures climbed Wednesday in Japan, Australia and Hong Kong.
BlackRock-led ‘big three’ may forestall chaos in stock markets
Critics who assail the growing influence of i...
Asian stocks look set to snap three days of losses after bargain hunters drove U.S. equities to the biggest advance since March as anxiety over the economic impact of coronavirus flareups eased. Treasury yields rose.
Futures climbed Wednesday in Japan, Australia and Hong Kong.
BlackRock-led ‘big three’ may forestall chaos in stock markets
Critics who assail the growing influence of i...
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