Despite the recent crash in Chinese stocks, TENCENT & JD seems to be the leaders in recovery. The reason may be due to their more diversified business segments. Alibaba & Baidu are the laggards.
The chart shows that the channel & Fib levels are being rejected.
Most likely wave 4 has already bottomed & wave 5 of III has started.
Wait for price to break the diagonal pivot line.
Not trading advice
The chart shows that the channel & Fib levels are being rejected.
Most likely wave 4 has already bottomed & wave 5 of III has started.
Wait for price to break the diagonal pivot line.
Not trading advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.