Jiming Huang / Blog
Asian shares roared, after the People’s Bank of China (PBoC) announced on Friday plans to cut its reserve requirement ratio by 1%, with a reduction of 50 basis point on 15 and 25 January respectively, the first decrease since October 2018...
Pivot (invalidation): 47.60 Our preference Long positions above 47.60 with targets at 49.25 & 49.90 in extension. Alternative scenario Below 47.60 look for further downside with 46.50 & 45.70 as targets...
Pivot (invalidation): 15.6500 Our preference Long positions above 15.6500 with targets at 15.8700 & 16.0100 in extension. Alternative scenario Below 15.6500 look for further downside with 15.5500 & 15.4600 as targets...
Pivot (invalidation): 2490.00 Our preference Long positions above 2490.00 with targets at 2550.00 & 2583.00 in extension. Alternative scenario Below 2490.00 look for further downside with 2440.00 & 2400.00 as targets...
Pivot (invalidation): 1284.50 Our preference Long positions above 1284.50 with targets at 1292.00 & 1296.50 in extension. Alternative scenario Below 1284.50 look for further downside with 1281.50 & 1276.00 as targets...
Pivot (invalidation): 10650.00 Our preference Long positions above 10650.00 with targets at 10810.00 & 10900.00 in extension. Alternative scenario Below 10650.00 look for further downside with 10533.00 & 10395.00 as targets...
Pivot (invalidation): 5.3740 Our preference Short positions below 5.3740 with targets at 5.3050 & 5.2670 in extension. Alternative scenario Above 5.3740 look for further upside with 5.4290 & 5.4780 as targets...
Pivot (invalidation): 0.7090 Our preference Long positions above 0.7090 with targets at 0.7160 & 0.7200 in extension. Alternative scenario Below 0.7090 look for further downside with 0.7055 & 0.7030 as targets...
Pivot (invalidation): 1.3425 Our preference Short positions below 1.3425 with targets at 1.3320 & 1.3265 in extension. Alternative scenario Above 1.3425 look for further upside with 1.3465 & 1.3500 as targets...