Again, there is no right or wrong. Some like to buy at support IF they believe it is going to continue to go up. Others prefer a wider margin of safety and wait for the breakout at the resistance level at 15,733.30. What if it reaches this level and tumble down again?
So, risk perception differs from different people and since no one can predict with 100% accuracy on the price movements, these differences in price points allows traders to make profits and losses each day.
As a long term investor in China, I am bullish on China market and thus would average up on this index.
So, risk perception differs from different people and since no one can predict with 100% accuracy on the price movements, these differences in price points allows traders to make profits and losses each day.
As a long term investor in China, I am bullish on China market and thus would average up on this index.
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Praise the Lord
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we added more
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added more
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it has now reached the resistance level at current price. Expecting the price to continue its bullish move next week
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Here's my earliest chart on CN50 where I covered it 3 years ago. Chart back then was quite messy as I used moving averages, pricing patterns, trend lines, Fibonacci, etc. Yes, colourful but can also be confusing at times. Compare to my current chart, I hope those who like trend lines would appreciate the simplicity of it.
Here's my earliest chart on CN50 where I covered it 3 years ago. Chart back then was quite messy as I used moving averages, pricing patterns, trend lines, Fibonacci, etc. Yes, colourful but can also be confusing at times. Compare to my current chart, I hope those who like trend lines would appreciate the simplicity of it.
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took some profits
Size really matters...