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Today attempted to break again....fail again.
Top Traders will wait for it to clear 4000 convincingly before entry..if it goes below 3850 they will short jt down to 3600 for profits.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(This post was last modified: 10-05-2024, 10:45 AM by
sgbuffett.)
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(10-05-2024, 10:43 AM)sgbuffett Wrote: Today attempted to break again....fail again.
Top Traders will wait for it to clear 4000 convincingly before entry..if it goes below 3850 they will short jt down to 3600 for profit
next week got big chinese tech earnings.
if good, can break 4000 in a few days time.
eventually, 4000 will be broken if China recovery continues.
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Sgbuffet is genius!
Wherever you go, no matter what the weather, always bring your own sunshine
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(10-05-2024, 10:51 AM)forum456 Wrote: next week got big chinese tech earnings.
if good, can break 4000 in a few days time.
eventually, 4000 will be broken if China recovery continues.
For last 3 yrs Chinese tech results has not been exciting....so the bar is very low.
Any upside surprise will be appreciated.
So far US market good results stocks sell off.
Bad results sometimes stocks move up.
Quite strange but can be due to sky high expectations.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
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(10-05-2024, 12:20 PM)sgbuffett Wrote: For last 3 yrs Chinese tech results has not been exciting....so the bar is very low.
Any upside surprise will be appreciated.
So far US market good results stocks sell off.
Bad results sometimes stocks move up.
Quite strange but can be due to sky high expectations.
buy hsi tech at 3000 and sell at above 4000
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Qt least 6 attempts in recent days fail to convincingly clear 4000.
4000 is a very strong resistance and pro traders will use it for shorting to make profits.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
>
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(10-05-2024, 02:40 PM)sgbuffett Wrote: Qt least 6 attempts in recent days fail to convincingly clear 4000.
4000 is a very strong resistance and pro traders will use it for shorting to make profits.
While sgbuffett have turn short, I have to advice u be careful of your shorts
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