Since registering a spike high on 25th October, ATEC is able to spot five sub-waves down into the lows on 20th October ‘21. According to our framework, we could very well have already seen the lows of the entire multi-month corrective structure. ATEC notes two points from this: That although…

This is an update to our last piece titled The Flush dated 26th November’ 21. Since breaking its triangle corrective pattern on 26th November, the APEX50 remained range-bound right up to Federal Open Market Committee (FOMC), confusing many — ourselves included. Today’s price action, however, despite the index already being…

This is an update to our last piece on the Hang Seng Index dated 19th November ‘21. ATEC previously pointed out that the Hang Seng Index was at risk of a severe flush were it to break its triangle formation. Although the index did drop some 6% since breaking the…

This is an update to our previous note dated 28th September ’21, titled Sharing a Textbook example — TPMART Index. In our previous note, we suggested that TPMART would likely experience a large three waves correction. We also suggested that if one were not already short it then, that we…

ATEC is yet unsure whether the Hang Seng index has truly marked a bottom. There are a few levels of resistance to get through, hence we will avoid making any preliminary conclusions. However, what interests us is the recent move in the H-FIN index as shown. The sector had started to show some performance even several days before PBOC announced their second reserve requirement cut on Monday 7th December. With the index having broken out above the triangle, ATEC thinks it is has confirmed the end of its entire corrective wave since February.

Ok, ATEC has to mention that we are noobs to Crypto, and nor do we follow much on the developments of the entire Crypto space. Having said that, we do find that we are able to make sense of the recent gyrations using our Elliot technicals framework. …

This is an update to our note titled Hong Kong Exchange dated 7th July ‘21. Like many others, HK Exchange’s stock has been a tricky one to trade this entire year. An initial break-out earlier in July, brought forth when Didi’s delisting (and Chinese ADRs homecoming) was first mentioned, quickly…

For many years, it was pretty much a one-way bet in Hong Kong to be overweight or outright long Internet names versus being underweight or short its Financials sector. This can be best illustrated by the following chart, which shows the price of Tencent versus the H-FIN index (Hang Seng…

This is an update to our previous article titled Relief from Stagflation Ahead dated 14th October ‘21. Even as the world turns its attention towards the new Omicron strain, ATEC notes that numerous commodity markets had already rolled into corrective waves. Here we show the Bloomberg Commodity Index (BCOM Index)…