Jiming Huang / Blog
Asian stocks kicked off the week on a strong positive note; hopes for more policy support being pretty much the only explanation to the early week optimism. Shanghai’s Composite jumped more than 4% on a sudden peak in trading volumes, the Hang Seng rose 3.45...
Pivot (invalidation): 39.85 Our preference Long positions above 39.85 with targets at 40.75 & 41.25 in extension. Alternative scenario Below 39.85 look for further downside with 39.45 & 39.05 as targets...
Pivot (invalidation): 18.1300 Our preference Short positions below 18.1300 with targets at 17.9100 & 17.7400 in extension. Alternative scenario Above 18.1300 look for further upside with 18.2700 & 18.4400 as targets...
Pivot (invalidation): 1779.00 Our preference Short positions below 1779.00 with targets at 1769.50 & 1765.00 in extension. Alternative scenario Above 1779.00 look for further upside with 1784.00 & 1789.00 as targets...
Pivot (invalidation): 3115.00 Our preference Long positions above 3115.00 with targets at 3150.00 & 3165.00 in extension. Alternative scenario Below 3115.00 look for further downside with 3085.00 & 3050.00 as targets...
Pivot (invalidation): 12441.00 Our preference Long positions above 12441.00 with targets at 12610.00 & 12700.00 in extension. Alternative scenario Below 12441.00 look for further downside with 12330.00 & 12095.00 as targets...
Pivot (invalidation): 6.8650 Our preference Short positions below 6.8650 with targets at 6.8530 & 6.8420 in extension. Alternative scenario Above 6.8650 look for further upside with 6.8720 & 6.8820 as targets...
Pivot (invalidation): 0.6940 Our preference Long positions above 0.6940 with targets at 0.6975 & 0.6990 in extension. Alternative scenario Below 0.6940 look for further downside with 0.6920 & 0.6900 as targets...
Pivot (invalidation): 1.3565 Our preference Short positions below 1.3565 with targets at 1.3535 & 1.3515 in extension. Alternative scenario Above 1.3565 look for further upside with 1.3580 & 1.3595 as targets...