HXC | Wave analysis of the ticker

#HXC. China may start to rise, I’ll probably buy some more this week. I’ll write about it in my next posts.

On March 1st we were waiting for the wave 2 to complete (https://t.me/eightyninewaves/3407), which was probably put recently. Now there is an entry point into the Golden Dragon China Index long according to my strategy, which means it’s time to look to buy all Chinese tech stocks.

The places for buying appear for Li Auto (LI), NIO (NIO), JinkoSolar (JKS), BeiGene (BGNE), Zai Lab (ZLAB), Alibaba (BABA) and Didi Global (DIDI). I will be writing about this in next week’s PREMIUM channel.

#HXC. A minimal fall structure has been completed. But there are still no points for the long of Chinese stocks.

#HXC. No change, we’re waiting so far.

#HXC. There may be an entry point today – mustn’t miss it, but I will probably enter the stocks on Monday.

#HXC. Waiting for a speculative entry point into Chinese stocks.

#HXC. Also waiting for an entry point on a trend line’s break.

#HXC. Waiting to enter on a break of the trend line.

#HXC. And I’m looking at buying Chinese stocks next week. Seems to be doing all right so far, too.

#HXC. Looking to buy, while waiting for a lower price.

#HXC. Rising of Chinese stocks. The Golden Dragon China Index is approaching the buying zone for stocks from that sector. I will be buying many of them this month, which I will certainly signal. For now, just look at the complete impulse “1” and the correction in the wave [2], which so far looks more like a zigzag. In terms of the event backdrop, the attention of the world has shifted to Russia, they are not particularly interested in China, yet. The military actions in Taiwan are also unlikely, most likely the U.S. will simply evacuate the production from there, and then hand over this island to its home harbor. Until then, China may well grow, although investments are still risky there. Don’t leave more than 10% of your total funds there.

I am starting to buy back the Chinese tech fund with local targets in the area of 10-12k on the HXC index. Confirming uptrend level broken up (https://t.me/eightyninewaves/3259).

Global targets for a renewal of the historical high, but… If the PRC starts its reunification operation with Taiwan, there will be no such positivity, of course. In any case, I buy in the medium-term portfolio: LI, TCEHY, BABA, DIDIY, JKS, BGN and others. Some of them will be labelled soon.

#HXC. China has broken the level confirming the uptrend on the tech index. I’m buying calls on all sorts such as Alibaba.

A month ago we watched the development of the wave [c] as an ending diagonal, in which the wave (iv) was forming (https://t.me/eightyninewaves/3195). Now that wave (iv) may be completed and the Chinese tech index is headed for a 50% drop.

With this post I want to warn against investing large amounts of money in China for now. In my opinion, good levels to buy would be the area of 3000-4000.

As for a break up the green level without renewing the bottom, I don’t completely rule out that option either, so it’s wise to hold small previously taken purchases.

#HXC. Approaching a level confirming a long on the Chinese market. But I’m still hoping for a diagonal.

Silicon technology, microchips are the key to technological and, consequently, military-economic hegemony. That is where China is actively mastering the advanced technological process. So active that the U.S. regularly gets excited about it, imposing sanctions against Chinese manufacturers. The U.S. wants to retain the right to technological leadership in the sixth order. But will they succeed?

The forecast for the U.S. indices, including the NASDAQ technology index, says the end of the growth in the phase [iii] by the ending diagonal “5”, while the HXC, on the contrary, completes a two-year cycle of decline, completing the first batch of the series of 1-2 waves. And already in 2023 the growth will begin, which can be taken by trading through St. Petersburg exchange directly on the Hong Kong exchange, bypassing NASDAQ.

The chart shows the trading plan to take the ending diagonal, which is now in the wave (iv). The buying area for Chinese technology stocks is highlighted in blue and the growth cancellation level is marked in red.

#HXC. I marked important levels on the chart.

#HXC. Investment in China with p/l over 5. I’m thinking about joining, but haven’t decided yet.