Jiming Huang / Blog
Equities in Tokyo (+2.10%) and Shanghai (+1.08%) kicked off the week on a positive note on the back of promising economic data. The Japanese GDP printed 2.2% y-o-y contraction in the second quarter versus -4.4% expected by analysts and the manufacturing PMI, 45...
Pivot (invalidation): 39.65 Our preference Long positions above 39.65 with targets at 40.45 & 40.70 in extension. Alternative scenario Below 39.65 look for further downside with 39.40 & 39.00 as targets...
Pivot (invalidation): 24.0000 Our preference Long positions above 24.0000 with targets at 24.6200 & 24.9500 in extension. Alternative scenario Below 24.0000 look for further downside with 23.5400 & 23.2500 as targets...
Pivot (invalidation): 1970.00 Our preference Long positions above 1970.00 with targets at 1981.50 & 1988.00 in extension. Alternative scenario Below 1970.00 look for further downside with 1959.00 & 1951.50 as targets...
Pivot (invalidation): 3236.00 Our preference Long positions above 3236.00 with targets at 3280.00 & 3329.00 in extension. Alternative scenario Below 3236.00 look for further downside with 3205.00 & 3180.00 as targets...
Pivot (invalidation): 12260.00 Our preference Long positions above 12260.00 with targets at 12405.00 & 12525.00 in extension. Alternative scenario Below 12260.00 look for further downside with 12100.00 & 12000.00 as targets...
Pivot (invalidation): 6.9550 Our preference Long positions above 6.9550 with targets at 7.0070 & 7.0250 in extension. Alternative scenario Below 6.9550 look for further downside with 6.9350 & 6.9170 as targets...
Pivot (invalidation): 0.7160 Our preference Short positions below 0.7160 with targets at 0.7105 & 0.7085 in extension. Alternative scenario Above 0.7160 look for further upside with 0.7185 & 0.7200 as targets...
Pivot (invalidation): 1.3435 Our preference Short positions below 1.3435 with targets at 1.3370 & 1.3350 in extension. Alternative scenario Above 1.3435 look for further upside with 1.3460 & 1.3480 as targets...