Jiming Huang / Blog
Worries over U.S economic sanctions on Huawei and spillover effect on trade negotiations. China has communicated to retaliate against Thursdays Trump moves forward with an executive order to ban Huawei equipment from U.S networks. Breakdown in US-China communication hurt Chinese indices...
Pivot (invalidation): 62.75 Our preference Long positions above 62.75 with targets at 63.65 & 64.15 in extension. Alternative scenario Below 62.75 look for further downside with 62.25 & 61.95 as targets...
Pivot (invalidation): 14.6300 Our preference Short positions below 14.6300 with targets at 14.4300 & 14.3700 in extension. Alternative scenario Above 14.6300 look for further upside with 14.7400 & 14.8100 as targets...
Pivot (invalidation): 1289.50 Our preference Short positions below 1289.50 with targets at 1281.75 & 1279.00 in extension. Alternative scenario Above 1289.50 look for further upside with 1293.00 & 1295.25 as targets...
Pivot (invalidation): 2855.50 Our preference Long positions above 2855.50 with targets at 2902.50 & 2932.00 in extension. Alternative scenario Below 2855.50 look for further downside with 2831.25 & 2820.00 as targets...
Pivot (invalidation): 12175.00 Our preference Long positions above 12175.00 with targets at 12413.00 & 12475.00 in extension. Alternative scenario Below 12175.00 look for further downside with 12090.00 & 12000.00 as targets...
Pivot (invalidation): 6.0340 Our preference Long positions above 6.0340 with targets at 6.0890 & 6.1110 in extension. Alternative scenario Below 6.0340 look for further downside with 5.9900 & 5.9530 as targets...
Pivot (invalidation): 0.6905 Our preference Short positions below 0.6905 with targets at 0.6880 & 0.6865 in extension. Alternative scenario Above 0.6905 look for further upside with 0.6920 & 0.6935 as targets...
Pivot (invalidation): 1.3440 Our preference Long positions above 1.3440 with targets at 1.3485 & 1.3505 in extension. Alternative scenario Below 1.3440 look for further downside with 1.3415 & 1.3400 as targets...