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Watch For +15% Move In Chinese Stocks

Stock-Markets / China Stocks Apr 08, 2019 - 06:26 PM GMT

By: Chris_Vermeulen

Stock-Markets

Last week we had strong numbers out of China and our research continues to suggest the Chinese stock market could be poised for an upside price rally of at least 15% over the next 30+ days before possibly reaching a peak in June or July 2019.  Our Fibonacci predictive modeling system is suggesting a target level of $30.50 to $31.50 (in YINN) as an immediate upside profit range.

We believe the continued pricing pressures of 2018 are easing as continued negotiations with US trade officials have everyone in high hopes for a suitable and equitable outcome.  Our researchers believe the upside in the Chinese stock market could be as high as $32 to $36 in YINN before the June/July peak is reached.  This would represent a +25% to +40% upside price objective from recent highs.


It is our belief that the continued US/Chinese stock market rally that initiated after the December 24, 2018 bottom will continue until a June/July 2019 peak is reached in the global markets.  Pay attention because this could be an excellent short term price move for skilled traders to pocket 10% to 20% over just a few days or weeks.

Another pocket of stocks also starting to breakout are small-caps which I shared in a detailed technical analysis video last week. While we have suggested the US stock market is poised for further upside price activity with a moderately strong upside price “bias”, our research continues to suggest the SP500, DOW, NASDAQ stock markets will not break out to the upside until the Russell 2000 breaks the current price channel, Bull Flag, formation which is why I am starting to focus on small-cap stocks using my MRM Trading Strategy.

Please visit www.TheTechnicalTraders.com to learn more about how we help our members learn to find and execute incredible trading opportunities.  We’ve recently launched a new technology solution for our members that delivers our incredible research and trading solutions.  2019 is going to continue to be an incredible year for skilled traders or those who follow our analysis – you won’t want to miss these big moves that are setting up.

Chris Vermeulen
www.TheTechnicalTraders.com

Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic

Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better.

His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.

He is a regular speaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chris was also featured on the cover of AmalgaTrader Magazine, and contributes articles to several leading financial hubs like MarketOracle.co.uk

Disclaimer: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Technical Traders Ltd., its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including this report, especially if the investment involves a small, thinly-traded company that isn’t well known. Technical Traders Ltd. and the author of this report has been paid by Cardiff Energy Corp. In addition, the author owns shares of Cardiff Energy Corp. and would also benefit from volume and price appreciation of its stock. The information provided here within should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Technical Traders Ltd. and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect.

Chris Vermeulen Archive

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