Technical Pulse: Haier Smart Home Co Ltd January 3, 2022 274

Haier Smart Home (HKEX: 6690) Upside is returning since the 2nd break out of the falling wedge in October 2021. Technicals show that the stock is poised to break to a new high:   


  1. The formation of the cup and handle is indicative of a bullish reversal pattern.
  2. The last bullish candle was a strong marobozu pattern, which rebounded above the Tenkan-Sen and broke above the pennant/handle.  
  3. Ichimoku is showing a clear upside especially as there is a slight uptick of the Senkou-Span-A and the Chikou-Span.
  4. Despite the ADX line sloping down, the directional index is showing DM+ sloping up and the ADX line is well above the DM+, showing a strong upside.



*Expected timeline of the trade is 25 weeks from the date of report issuance.




Ichimoku Kinko Hyo

Red dotted line = 26 periods Kijun-Sen

Blue dotted line = 9 Periods Tenkan-Sen

Green Line B= 52 periods Senkou Span B

Pink Line A = 26 periods Senkou Span A

Black line = 26 periods Chikou Span. Lagging line

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