Wealth Skills

GOOGLE Split 20:1

For every Google share owned in June you now have 20 more shares.

Seeing in a different way, Google share price is now 20x less than it was in June without a change of value.

What happens is the market capitalisation = shares x price of the stock just gets divided by the new total of shares in issue of the company... which is now 20 times more than before.

It doesn't mean Google is cheaper. It just means more shares are now available at a lower price which you can purchase at a lower base price.

Google went from $2200 to $111 basically.

I posted about this before indicating the timeline.

You can now purchase Google stocks at about $107 each.

This is not investment advice. Just my opinion.

I posted a while back about APPLE / AAPL stocks.

Check below how you could have taken the price of an iPhone 4s in 2012 and made $78,000!

When it broke my 89-WEEKLY EMA [moving average] it was a signal to track it for a major support.

I SPOTTED THE SUPPORT @ $137.00 👀

I switched back to a Daily chart [free on tradingview.com] to assess more closely the chart support and resistance and

$137 support was broken and became resistance and then became support again for a rally.

✅Made a higher low
✅After hitting $129 it bounced above $137
✅Retraced to find support there @ $137
✅Formed a higher low
✅Made a higher high in Wave #3
✅Retraced to Wave #4
✅21-Day EMA as support
✅Onto Wave 5 to break 89-Day EMA
✅Broke above short-term resistance @$151
✅Likely to retrace to 89-day EMA @ $151
✅FIB Retracement Support to 0.61% @ $139

*AAPL pays a dividend.*

"It's not a huge amount @ $0.22c per share. Nothing in the scheme of things as a percentage."

"My mentor always said to focus on companies and business you already support and use to be the FIRST place to find stocks to research investing in..."

"I have used an iPhone for a decade."

"If I took the money I paid for the iPhone 4s I bought 10-years ago and bought stocks in AAPL instead {$15 a stock in 2012} I would own about 20x shares."

*Would've Earned Dividends x 10-years as follows:

2012 - $2.65 + $2.65
2013 - $2.65 +£3.05 + $3.05 + $3.05
2014 - $3.05 + $3.29 + $0.47 + $0.47

June 2014 -- > Split 7/1 - I get 7x more shares for each 1 I held which means 20 shares x 7 = I now have 140 shares!!

2015 - $0.47 + $0.52 + $0.52 + $0.52
2016 - $0.52 + $0.52 + $0.57 + $0.57
2017 - $0.57 + $0.63 + $0.63 + $0.63
2018 - $0.63 + $0.73 + $0.73 + $0.73
2019 - $0.73 + $0.77 + $0.77 + $0.77
2020 - $0.77 + $0.82 + $0.82 + Split[4:1] + $0.20

June 2020 -- > Split 4/1 - I get 4x more shares for each 1 I held which means 140 shares x 4 = I now have 520 shares!!
[P.S. these shares are free as companies reward existing shareholders with more shares]

2021 - $0.20 + $0.22 + $0.22 + $0.22
2022 - $0.22 + $0.23

Total dividend earnings get complicated as stock splits mean I have more than the straight forward 20 shares I started off with...

While holding 20x shares I would've earned @ $24.38

After the split I now have 140 shares with a total of $15.14 until the next stock split of 4 for every share owned making it 520 shares.

Dividend for this period = 140 x $15.14 = $2,119.60!! 🤩🥳😎

Total dividends @ $1.31 with 520 shares @ $681.20 since 2020.

Total dividend earned @ $24.38 + $2119.60 + $681.20 = $2,825.18

Not reinvesting the dividend means I can afford a MAC and iPhone 13 right now if I wanted to.

If I had reinvested the dividends it would add at least another 80 shares added to my total of 520 = 600 shares in AAPL by end of 2014. {I didn't calculate that option in my calculations.}

So, that's how you would own 520 stocks with a total value today as shown here below:

520 shares x $151 = $78,520!! Plus $2825 in dividends!

"Like idea of TESLA? Not the cars... Not even the batteries or Tesla Walls..." What else is Elon up to though. It's big!

"I'm talking about the Power MEGAPACK... It's not new... But it may be new to you..."

"This is not financial advice. Investing is risky. Due diligence is your responsibility."

"Having said the above, TESLA is changing the way POWER works! Literally and physically."

"It is revamping the car industry with 100s of new patents that ACTUALLY impact value and REAL innovation..."

"It's building solar roofs on houses in USA."
"Sticking Panels to battery Power Walls."
"Changing cars forever in our society."
"It's innovating battery power energy storage."
"Now, changing our POWER supply network."

"I certainly would LOVE to be investing in TESLA. If I had the capital,
I would buy as many as I could afford whenever the price goes below $700!"
{This is my strategy and what I would do."

At the time of writing, TSLA is showing a pre-opening price per share of $760! A premium of $20 UP roughly from yesterday's close!

At this rate, I would like to assess that TSLA prices may not see under $700 again and I would have to adjust my approach, when next I have $$, to buying it at a range between $720 and $760...

If you cannot own a TESLA, at least own a piece of the TESLA company!

By buying a single TSLA share every year since 2012 (they listed before this but I am wanting to look at an easy 10-year illustration here) this is what it looks like:

>P.S. I took the high price of the trading day<
03 Jan 2012 - $6.00
02 Jan 2013 - $7.74
02 Jan 2014 - $37.20
02 Jan 2015 - $46.93
04 Jan 2016 - $46.28
03 Jan 2017 - $51.69
02 Jan 2018 - $72.10
02 Jan 2019 - $70.40
02 Jan 2020 - $130.60
04 Jan 2021 - $900.00
03 Jan 2022 - $1208.00

For a total investment of $ 2,576.94 you now own 10 TSLA Stocks...
Today's value - IF you sold them - would be $ 7,519.90!

Consider this. There is a recession. Some stocks have fallen by 85%. Some have fallen by 30% - like Amazon and Google as well!

TESLA is down by about 39% from it's all-time high of $1243.

Could it recover? Sure. Could it be a few years. Maybe.

Could it fall more. Sure.

That's part of risk management PLUS due diligence i.e. doing some homework on the company you may want to invest in.

Check on things like:

Sales of products
New products being launched
Proprietary Patent Technology
Brand value (Coca Cola is superb with this)
Innovation in Sector
Sector Leader
Massive Pipeline for Business growth
Withstand recession
Upside in boom years
Competitive edge

Thanks for making it all the way down here... In another time, I was a stock market analyst. 😉

I'm still not giving any advice here. Just my personal view.

Introducing Megapack: Utility-Scale Energy Storage Less than two years ago, Tesla built and installed the world’s largest lithium-ion battery in Hornsdale, South Australia, using Tesla Powerpack batteries. Since then, the facility saved nearly $40 million in its first year alone and helped to stabilize and balance the region’s unreliable grid.

Berkshire Hathaway at 2.61 FIB retracement of Elliot wave 3...

Alphabet Inc Split 20:1 again and likely fair inflation hedge.

Not to say it won't fall; it already has. It is likely a once in a lifetime opportunity.. Albeit a really bad environment time wise.

The chart is bearish.

Shopify ~split 10:1

Not a buy signal as the chart is testing a MASSIVE support level at $292and around $305...

But interesting offer...

June 29, 2022
Ex-distribution trading in the Class A shares on a split-adjusted basis will commence on June 29, 2022, as of which date purchases of Class A shares will no longer have the attaching entitlement to the additional Class A shares.

Amazon Split 20:1

Upcoming Stock Splits...

The recent Amazon stock split news will have it split one share into 20 shares. The goal here is to drop the price of AMZN stock, which allows more traders to invest in the company. While that doesn’t necessarily create value, it’s a good move that analysts seem to be in favor of.

Google aka Alphabet INC is also doing a stock split when you get x number of shares for every y you were holding on the day of registration...

Ever heard that proverb, "Sell in May and go away?"

TSLA May 2022

Looks a lot like a glitch in the Economic Matrix with repeat of 2020 March Correction.

Here's a few of my favourite things...

NB - investing is risky and you should always perform your own due diligence and risk management if you decide to invest.

Creating a new CrashList 2022 with the Macro Crash Correction Cycle....

Keep an eye out.

ARL - ArcMittal - consolidating sideways with 50EMA still as medium term support @ 222c
** It already hit our targets within a few weeks

ART - Ardent - Continues to move upwards on a bull trend while using 911c as support for now

PPC - Holding support on 50EMA so watch 162c as support and 180c as very short term resistance and 200c as major resistance

TRU - Truworths - trading within the range of 50ema support and 5200c as resistance.

BLU - Bluetel - watching for pullback to enter @ 415c
[Update = hit resistance at 520c; waiting for pullback to 450c]
It went to 456c for an entry with 420c as a stop loss.

New ADDITIONs:
Aforbes [AFH] based on Stochastic divergence and resistance break out at 412c to target 1 = 480c

[EXX - Exxaro] Bullish divergence on MACD and Stochastic
Reverse head and shoulders + testing of resistance at 18000c with 4EMA x over. Support around 15000c

[KAL - Kaap Agri] Broken bearish trend line and testing resistance @ 3989c (Weekly chart)
Volatile and poor volume liquidity.
Ascending triangle pattern on daily chart t1 = 5100c price target
{Update] Continues to use 3600c as support with 4000c as resistance to break through.

[MSM - Massmart] Broken down trend and showing reverse bullish divergence on MACD medium term and positive divergence on Stochastic.
S1 = 4500c s2 = 3812c
T1 = 5933c T2 = 7900c
Cup and handle pattern (weekly chart)
[Update] Hit target at 5900 and more and closed above 6000c!! Beautiful Pattern result!
Consider taking profit here of your original investment and leave the profit as holding for medium term.

[NPK - Nampak] after long sideways movement broken resistance twice now and created new support around 200c.
Using 290c as new support.
Target = 500c

[SNH - Steinhoff] After a scandal of poor acquisitions and literally breaking the back of the company and 3 years of zero movement this stock is making some movement upwards on the sly... i.e. it's moving up with little noise about it. And significantly too!
We're talking almost 200% in 3 months! Granted it's from a low base of 100c however it has broken a significant resistance at 190/205c! Now Support!
Target = 380c tentatively.
[comment - if I were to take a position in this stock it would be with throw away money like R10,000 and leave it there based on the idea that if it recovers I'm happy to remove my initial investment and then leave the rest in there until further notice for the long haul.
If it goes bust I lose my R10,000. IF it DOESN'T I get my R10,000 back and have a long term investment with potential upside to 1000c / 2700c / 6000c a share if it can recover.
Always do due diligence. Your capital is always at risk. Trading is at your own discretion.
See you on the trading desk!

[ Watchlist]

ARL - ArcMittal - Out performing index
t1 = 182c t2 = 300c Hit 360c before profit taking! $$

ART - Argent - Outperforming index - flag pattern following reverse head and shoulders.
[Update- chart is testing 50ema support around 768c while potentially forming a flag pattern- wait]

PPC - outperforming index - break above 89ema (medium term hold)
[Update - 176c is new support 1 level. 120c is S2]
Target 1 = 250c
Target 2 = 344c

TRU - Truworths - flag forming - volatile
t1 = 5000c s1 = 4200c r1 = 4600c
[Update = Target 1 HIT! Target 2 = 5850c with 4550c support 1]

BLU - Bluetel - watching for pullback to enter @ 415c
[Update = hit resistance at 520c; waiting for pullback to 450c]

New ADDITIONs:
Aforbes [AFH] based on Stochastic divergence and resistance break out at 412c to target 1 = 480c

[EXX - Exxaro] Bullish divergence on MACD and Stochastic
Reverse head and shoulders + testing of resistance at 18000c with 4EMA x over. Support around 15000c

[KAL - Kaap Agri] Broken bearish trend line and testing resistance @ 3989c (Weekly chart)
Volatile and poor volume liquidity.
Ascending triangle pattern on daily chart t1 = 5100c price target

[MSM - Massmart] Broken down trend and showing reverse bullish divergence on MACD medium term and positive divergence on Stochastic.
S1 = 4500c s2 = 3812c
T1 = 5933c T2 = 7900c
Cup and handle pattern (weekly chart)

[NPK - Nampak] after long sideways movement broken resistance twice now and created new support around 200c.
Using 290c as new support.
Target = 500c

[SNH - Steinhoff] After a scandal of poor acquisitions and literally breaking the back of the company and 3 years of zero movement this stock is making some movement upwards on the sly... i.e. it's moving up with little noise about it. And significantly too!

We're talking almost 200% in 3 months! Granted it's from a low base of 100c however it has broken a significant resistance at 190/205c! Now Support!
Target = 380c tentatively.
[comment - if I were to take a position in this stock it would be with throw away money like R10,000 and leave it there based on the idea that if it recovers I'm happy to remove my initial investment and then leave the rest in there until further notice for the long haul.

If it goes bust I lose my R10,000. IF it DOESN'T I get my R10,000 back and have a long term investment with potential upside to 1000c / 2700c / 6000c a share if it can recover.

Always do due diligence. Your capital is always at risk. Trading is at your own discretion.

See you on the trading desk!

Have a read of this... Some interesting lessons here about acquisition and market research:

https://www.dailymaverick.co.za/article/2018-11-14-steinheist-the-inside-story-behind-the-steinhoff-scandal/ #:~:text=The%20Steinhoff%20crash%20wiped%20more,millions%20of%20ordinary%20South%20Africans

Steinhoff appeared on my radar today

BOOK EXTRACT: Steinheist: The inside story behind the Steinhoff scandal The Steinhoff crash wiped more than R200-billion off the Johannesburg Stock Exchange, erased more than half the wealth of tycoon Christo Wiese and knocked the pension funds of millions of ordinary South Africans. Here is a chapter from Steinheist.

[TRU Watchlist Update]

Smashed target #1 with consolidation now. using resistance #1 as support.

[EOH Watchlist Update]

Medium term support / s2 = 752c
Short term support / s1 = 800c

Target medium term = 1772c
Target short term = 972c

Entry between 860-900c ideally.

Strategy = [divergence on stoch and MACD]

[UPDATE WATCHLIST]



ARL - ArcMittal - Out performing index
t1 = 182c t2 = 300c

THIS WAS epic! I posted this up on our watch list Jan 30 2021 when the share price had closed at 161c and opened on Monday @ 166c.

The share price since then hit over 100% profit points twice. What this means is that twice the share has spiked to 360c or more during intraday or while the markets were open and trading before closing lower.

Closing prices were 310c, 325c and most recently 270c.

The chart hit and rocketed right through our target #2 price to take profits at 300c as stated in our original post.

Stunning and thankful!

https://youtu.be/f4Yneg0pGoM

STOCK WARS! Reddit's WallStreetBets Spikes GameStop To Crush Hedge Fund Short Sellers | Jim Bianco SCHEDULE YOUR FREE PORTFOLIO REVIEW with Mike & John and the New Harbor Financial team here: https://www.greylockpeak.com/An epic David-vs-Goliath battle has...

Watchlist

ARL - ArcMittal - Out performing index
t1 = 182c t2 = 300c
ART - Argent - Outperforming index - flag pattern following reverse head and shoulders.
PPC - outperforming index - break above 89ema
TRU - Truworths - flag forming - volatile
t1 = 5000c s1 = 4200c r1 = 4600c
BLU - Bluetel - watching for pullback to enter @ 415c

Take a look at me now... ! Quite a different view on the markets. Based on the worst fundamental financials to come about for decades the world economies seem to be doing extremely well...

How is this possible? Government Printing and Fund manipulation to keep the markets artificially afloat to avoid utter social disruption and destabilisation of the economic system from the pandemic forced closures.

What did you buy? Our post share of our international watch list and buy list of 2020!

What a massive turnaround! Some stocks up by over 400% and more since this post below.

International Watch List for Discount Long Term Buys

Netflix
Coke
Tesla
Shopify
BerkShire Hathaway - If you can afford it...

Once in a couple of decades do investors get the opportunity out of something really sad and negative to make a positive long term position in their investments and help themselves recover from what is to be a nasty economic downturn and disruption in social, personal and business life around the world.

Be safe. Trade and invest responsibly. Risk of losing your initial investment is possible. Make use of stop losses and risk management.

Wealth Skills updated their business hours.

Reviewing the this weekend for the #2021 year ahead.

> What's sectors are outperforming the market?
> What is about to shift on our watch list?
> Reversal Trends for medium to long term positions.

What's your watch list?

Wealth Skills updated their phone number.

International Watch List for Discount Long Term Buys

Netflix
Coke
Tesla
Shopify
BerkShire Hathaway - If you can afford it...

Once in a couple of decades do investors get the opportunity out of something really sad and negative to make a positive long term position in their investments and help themselves recover from what is to be a nasty economic downturn and disruption in social, personal and business life around the world.

Be safe. Trade and invest responsibly. Risk of losing your initial investment is possible. Make use of stop losses and risk management.

Highlighted Stocks Priority Watch List:

Kumba KIO
Sasol SOL
Exxaro
Platinum stocks
Banks

These are for buys after having dropped significantly and beginning to hit major support levels and or sell off targets.

Sasol may not be able to be traded anymore due to the volatility.

Black Swan Events...

TL:DR - Stock Market Investment Opportunity of the decade

For those that don't know... 👇👇👇

"The Black Swan theory or theory of Black Swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight..." ¬ Wikipedia

[Stock Market data from CNBC, on February 27 at 2:15]

For some very rich people they've lost a few Billion since 1st March - and it's not April Fools... The World’s 500 Richest People Lost a Combined $239 Billion in One Day Due to Coronavirus Panic...

So, what can you do? Can you do something about this economic Black Swan in the midst of panic about the Corona Virus ripple effects to save your pension and buy some cool shares / stocks at a massive discount? You can.

Any really good stocks that were skyrocketing last year - Apple, Tesla, Google, Amazon, Netflix can be invested in and the news wasn’t bad for everyone, however: Billionaire Qin Yinglin, a Chinese pig farmer and owner of the world’s fastest-growing fortune, actually saw his net worth reportedly grow by $536 million by the end of the day.

Because of the outbreak of Swine Flu in China, it would mean that pork prices having increased by 50% in 2019... This is another way to take an opportunity and invest in a short-term position to offset losses in the pension funds and stock market funds and unit trusts most people 'invest' their money into -especially long term savings...

Did you know? - PORK can be traded on the Open Futures Market. Same as coffee, corn and sugar.

¬¬¬ see these links:
https://commodity.com/soft-agricultural/pork-belly/

Alternatively, stick with what you might know and WATCH over the next weeks for opportunities to BUY STOCKS/INVEST in ETFs Or UNIT Trusts you FEEL comfortable with as the same thing happened with the crash of 2008/9...

Look at companies you use EVERYDAY like:💟😎👇👇👇

1) Google
2) Apple
3) Alibaba
4) Netflix
5) Tesla
6) Amazon
7) Shopify - many of order from stores run on Shopify platform
8) Coca Cola - just about every has a drink in their week from this company
9) Mastercard - we all use this everyday...
10) BerkShire Hathaway - buy a portion of a share as each full share is $303,561 at present. Just today's change in 4% move of the price means a upside move of $13,556!

NB: This is not investment advice and investing and trading can be risky. Only invest funds that are disposable income.

To be honest, there's not a lot of emphasis on financial management and budget education for kids and teens as they move into young adulthood. All they have to model on is what their parents did. The parents did the same...

The blueprint for money in the middle and poor class is one that is very notably indoctrinated and imprinted to remain the same. Working for passion and purpose however means there is never retirement. But most people dont have the luxury of choosing to focus their time and energy on getting what they really want.

Instant gratification and little grasp of what it takes for financial discipline with a generation of young adults feeling very entitled and with parents that largely hand over money to occupy and distract the kids from all the time the parents aren't investing in them but in their work to pay for the lifestyle, there's little hope for the Generation X and Y nor for the parents of saving money.

The trick is to teach people how to budget and that there is a clear and present drive by marketers and big business to coax all of us of our hard earned, usually well-deserved income, away from us in the short term. To keep the population in this manic survivalist mind frame.

It makes for much better business and profits if you have created slaves to consumerism and loans and instant gratification over a life time.

Here's some steps to get more money savvy:

1) Get your budget together - know what you make and what you have to spend money on
2) Set up a jar system - literally can glass jars or different bank accounts, preferably with low or no bank account fees.
3) Split up your income into categories loosely around these sets of needs and wants:

a) the expense jar/cost of living jar is 50%-55% which covers all of your costs like rent, food, gas and electricity and council or rates taxes.
b) The rest is split up across the following jars or categories the next being the Education jar or account and it gets 10% of your salary. It is for growing your skills and your knowledge and your ability to learn new things to improve your income over time.
c) The Long Term savings jar which is 10% - this goes towards those things you might want to buy on credit cards like that new big screen TV or the new car or boat or laptop that you cant get in cash but could put on credit or a loan. Rather save up for it even if it takes 6 months or a year.
d) The play or FUN Jar - this is one I struggle with as I am a saver and not a spender so fundamentally I try to avoid spending money when its not necessary especially on myself. This jar should be spent ever month and is 10% of the income you earn. It is a way of saying thanks to yourself for you hard work and also to ensure you enjoy life and that all you are doing is worth it and the more you grow your income the more this FUN jar would grow too! If there is an event or trip planned that isn't covered by one month's 10% amount then at the most you can combine 2 month's worth towards it but never go over 3 months.
e) Financial freedom account - This is also 10% and it goes towards building assets like a small business you want to start or buying that first flat to fix up and rent out or flip for a profit. It's to help you get that first lump of capital to get you earning some extra income and help you achieve financial freedom.
f) Finally, there's a give jar. It's about showing that you appreciate and acknowledge what you do have in life and that other's dont have as much as you do. It's about giving to others to belong to a larger world and helping other's out. This can be done by money and also by time. It should also be 10%.

If you follow this simple and rather easy system you can seriously make head way over 2-3 years and you WILL see how your money will grow and you will have a good time and enjoy life too!

Critical fallout of the global indices and local JSE sectors implies major correction in the range of 15-25% across the board. Some contagion from Bitcoin sell off likely involved...

Watch this space for opportunity to pick up blue chips and other company stock at post-correction share prices.

Minimum correction criteria is 10-15% downward drop
Major correction criteria is 15-25% downward drop
Major Cyclical reboot is 25-40% downward crash

Anything from 20% and more of a downward drop is considered a buying opportunity within a structured entry strategy regarding display of hammer candles, evening star candle patterns or hardset support levels with a view to buy and HOLD for 3- 5 years.

JSE - ALSH has a weekly double-top formation with negative reverse divergence which indicates major downside of 15%+...

Mr Price has moved 8% out of our target of about 16% to the upside within the General Retailers sector.

Great move!

Also watching Clicks for a medium term entry which would be 2- 3 years buy and hold strategy but would like to see a pullback to the 50 or 89ema before entering.
1) Pull back to 50 or 89ema to buy (16500c) daily chart
2) Continue to buy every time hits the 89ema daily
3) Stop Loss would be 11000c
4) Sell or close in 24-36 months

THIS looks amazing as an investment!

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Check out Impact Farming You can invest directly into large-scale agriculture and renewable energy ventures.

We continue to like the following sectors/charts as bullish:

>> Dow Jones
>> SP500
>> GOLD Continuation (not directly same as gold sector)
>> JSE - mining is pulling back after a massive rally
>> JSE General Retailers - Bullish flag heading upward
>> Platinum Commodity - Halle Berry Bullish Pattern

Bearish or Charts moving lower:
>> Crude Oil looks to break down again - Support is $47.55

JSE Base Metals sector is rallying.
JSE Food sector is rallying
JSE GOLD / Gold Continuation is rallying.
SP500 and DOW are trending for the bulls.

Spotted this Bearish Morning Star chart pattern over the weekend... And now look, the sector has dropped another 3%

JSE - General Retailers heads lower with a likelihood to test support at 6800 but could see momentum push it down to 6700...

Rare Chart Pattern trigger where all 4 expontential moving averages converge otherwise referred to as a 4EMA crossover just took place on this sector.

Statistically on its own these are 70% successful. When combined with some other indicators just to confirm it can be a very highly successful buy or sell signal depending on the general trend and cycle of the chart in question.

Use The Stochastic / RSI to provide further confirmation.
Set stop loss
Find the best stocks within the sector to buy or sell.

The JSE All Share chart looks really bullish over the short term. Helped by the upturn of both financial and mineral sectors making up about 90% of the JSE itself, it's no wonder.

Considering over the last 2 years the All Share has been in sideways territory ranging between lows of 46000-48000 points and highs of 54000-55000 points it MANAGED to break above all of these high ranges in the last week.

In fact, it has BROKEN it's ALL-TIME RECORD HIGH amidst a short term commodity upswing and demand for commodities while financials are also seeing some upside over the last month to create a perfect Market Bull of a dust storm!

Many eyes are likely to be on the announcement of the President Zuma's Vote of Confidence over the next few days... Not that Politics should have much ado about Markets... WE SHALL SEE...

chart shows a strong bull wave cycle within a longer term Elliot Wave 5 indicated in the coloured-block. It is very much pushing to hit the High of 2015 @ 28000 points.

This marks what should make a very interesting level with both of these points marching towards each other: An Elliot Wave Cycle of more than 12 months plus the highest HIGH in 5 years all converging following a 70-odd week cycle from the low in Feb 2016 @ 18287 until now marking a massive bullish cycle of almost 10,000 points in that time resulting in a full scale term ROI of about 50%...

The NORMAL development following a Wave 5 Elliot cycle is an A-B-C down trend or pull back... It's usually swift and can result in up to 38% retracement of the entire last wave...

This is marked by the low of 21560 odd and the target high of 28000 points. Around 8000 points x -38% = 3040 getting us a potential pull back/A-B-C retracement down to 28000 - 3040 = 25000 odd. This is in a perfect scenario...

It could involve a more shallow retracement or Bearish Elliot wave cycle to say 21% of the cycle about 26000...

They could combine for the A-B-C... The timeframe for a bearish Elliot Wave is likely to be about 1/3 of the cycle period of the original Bullish Wave...

NOTE: While the Hang Seng continues to be bullish it is a positive fundamental for demand of base commodities and ticks another box for commodity based stocks indicating positive buy triggers...