Stocks to Watch Oracle Corporation (ORCL US)$Oracle (ORCL.US)$ Daily Chart -[BEARISH ↘ **]ORCL US shaped a bearish breakdown. As long as price is holding below 163.75 resistance, a further drop towards 140.00 support is expected. Technical indciators are advocating for a bearish scenario as well with MA forming a death cross configuration.Alternatively: A daily candlestick closing above 163.75 resistance will invalidate bearish view and open a push higher towards...
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(MAR5) (ESmain.US)$(4 Hour Chart) -[BULLISH↗ **]We maintain our bullish directional bias as we expect price to continue pushing towards 6055 resistance level. A 4 hour candlestick closing above 6055 resistance would open push towards 6120 resistance level. Technical indicators are advocating for a bullish scenario as well. Alternatively: A 4 hour candlestick closing below 5970 suppo...
Mr Careful
:
the real capital flight out of china may be materializing soon after disappointment with stimulus and expectations of a devaluation of yuan strengthening.
SoundOfMusic
:
Would not surprise me if they do. Germany economy has a negative GDP. They were sitting on their laurel and did not innovate fast enough on EV. Energy intensive chemical industries have to move to the US because of self destructed energy sanctions. Literally, Schols said nothing when the US blew up their energy infrastructure Nord Stream pipeline. How stupid can you get? Yet, they will follow their master...over a cliff. Sad for the European.
LAU Futures(JAN5) Forum
Oracle Corporation (ORCL US) $Oracle (ORCL.US)$
Daily Chart -[BEARISH ↘ **]ORCL US shaped a bearish breakdown. As long as price is holding below 163.75 resistance, a further drop towards 140.00 support is expected. Technical indciators are advocating for a bearish scenario as well with MA forming a death cross configuration.Alternatively: A daily candlestick closing above 163.75 resistance will invalidate bearish view and open a push higher towards...
$E-mini S&P 500 Futures(MAR5) (ESmain.US)$ (4 Hour Chart) -[BULLISH↗ **]We maintain our bullish directional bias as we expect price to continue pushing towards 6055 resistance level. A 4 hour candlestick closing above 6055 resistance would open push towards 6120 resistance level. Technical indicators are advocating for a bullish scenario as well.
Alternatively: A 4 hour candlestick closing below 5970 suppo...
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Cars: $LI AUTO-W (02015.HK)$ $GEELY AUTO (00175.HK)$ $BYD COMPANY (01211.HK)$
Conventional Electricity: $CHINA RES POWER (00836.HK)$ $HUANENG POWER (00902.HK)$ $CKI HOLDINGS (01038.HK)$
Shipping: $COSCO SHIP HOLD (01919.HK)$ $OOIL (00316.HK)$
Coal: $CHINA SHENHUA (01088.HK)$ $YANKUANG ENERGY (01171.HK)$ $YANCOAL AUS (03668.HK)$
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Investment: $CITIC SEC (06030.HK)$ $CHINA CINDA (01359.HK)$
...
$LI AUTO-W (02015.HK)$ saw 13,400 insurance registrations last week, $XPENG-W (09868.HK)$ 3,900, $ZEEKR (ZK.US)$ 5,500, Leapmotor 8,700 and Aito 7,100.
This was expected. The question that remains is will the EU go down the same road as Biden and ban the use of Chinese-developed auto software/hardware.
For the sake of Europe's carmakers - most of which have major businesses in China - I hope not.
$Tesla (TSLA.US)$ $LI AUTO-W (02015.HK)$ $XPENG-W (09868.HK)$ $BYD COMPANY (01211.HK)$ $NIO-SW (09866.HK)$
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