Panjang
SINA Flag possible parabolic breakout
SINA is setting up for a nice 1.61 RR on the weekly chart. MACD is leaning towards crossing up. Stock RSI is setting up for an up move. OBV is trending smoothly up. Overall shape is closer to a parabolic breakout. Notice angel of ascent continues to rise.
However, please do take not of commentator analysis from Bloomberg:
"Technology, financial and health care stocks are preferred by most analysts in both China and Hong Kong for next year, while commodity, materials and Chinese developers may underperform"
https://www.bloomberg.com/news/articles/2017-12-18/top-forecaster-sees-mergers-driving-chinese-stock-gains-in-2018
Also look how the China stock market is on a steady channel higher.
However, a note of caution. The daily and monthly charts are nothing special.
However, please do take not of commentator analysis from Bloomberg:
"Technology, financial and health care stocks are preferred by most analysts in both China and Hong Kong for next year, while commodity, materials and Chinese developers may underperform"
https://www.bloomberg.com/news/articles/2017-12-18/top-forecaster-sees-mergers-driving-chinese-stock-gains-in-2018
Also look how the China stock market is on a steady channel higher.
However, a note of caution. The daily and monthly charts are nothing special.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.