No trader who knows what they're doing will make any claim that they can predict what is going to happen. A skilled trader looks at probabilities of scenarios playing out then places themselves in favourable risk/reward situations based on this.
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Thanks again JTH
Wasn't a trough observed 19th May then 27th May.
27th of May low being fractionally higher than 19th of May low. Am I understanding correctly, if so doesn't that show a trough, with an up trend forming and following since then.
If the 12 wk EMA breaks which looks pretty close? Then wouldn't a lot of traders be set ready to up their portfolio's. If shorters come in just below the EMA around 6.4 AUD they would also be taking a high risk as if the SP does push past the 12wk EMA, the SP could quite quickly rise from there, catching shorters with their pants down. In turn driving the SP higher when they would need to buy back in, and potentially start pushing the SP up through gap zones. Effectively if shorters are aiming to see the current 12wk EMA as a signal for them to enter, then wouldn't they likely get caught out like with the meme stocks when their options are called if the market pushes past $7 and starts recovering gap zones. That is if May 19th/May 27th was indeed the bottom trough.
Yes that is a daily trough leading to a daily trend change. We are looking for a weekly trough and trend change (i.e. each candle on the chart is the period of one week). So it obviously takes weeks to play out at minimum.
Don't expect any 'meme' stock type action as the percentage of shorts is comparatively quite low (~6%). Plenty of bagholders who will be looking for any opportunity to sell at higher prices that shorters can cover into.
Hema stores now selling stages 1-4 English label via Singapore warehouse, to mitigate daigou. Check out how advance these stores are.
https://www.indigo9digital.com/blog/futureofretailalibaba
Attachment 12687
Nestle developments with some comments re birth rate.
Stage-four formulas: Nestle China expands portfolio with partially hydrolysed and A2 milk formulas (nutraingredients-asia.com)
Some team substitutions being made...... looking good.
TA on the mend....
Attachment 12697
However, Shorts increasing...
Attachment 12698
So some positives..... some negatives...
Take care.
Agree... the new appointment looks very good, great CV. I also like that Janelle Tong is being groomed for higher roles.
Edith will commence in her role later in 2021, with her start date yet to be confirmed. In the meantime, we are pleased to confirm that Janelle Tong, a2MC’s Group Head of Marketing will take up the role of Interim Chief Marketing Officer and join the Executive Leadership Team until Edith commences in her role later this year.
Agree... the new appointment looks very good, great CV. I also like that Janelle Tong is being groomed for higher roles.
Edith will commence in her role later in 2021, with her start date yet to be confirmed. In the meantime, we are pleased to confirm that Janelle Tong, a2MC’s Group Head of Marketing will take up the role of Interim Chief Marketing Officer and join the Executive Leadership Team until Edith commences in her role later this year.