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On January 16th, Shichuang Energy announced that it expects to achieve a net profit attributable to owners of the parent company of -358 million yuan to -298 million yuan in 2025, a reduction in losses of 291 million yuan to 351 million yuan compared to the same period last year, representing a year-on-year reduction in losses of 44.83% to 54.08%. It also expects to achieve a net profit attributable to owners of the parent company of -388 million yuan to -328 million yuan in 2025, a reduction in losses of 274 million yuan to 334 million yuan compared to the same period last year, representing a year-on-year reduction in losses of 41.40% to 50.46%. While new photovoltaic installations are expected to continue to grow in 2025, the imbalance between supply and demand in the industry remains prominent. During this period of deep industry adjustment, the company has consistently adhered to interdisciplinary integrated R&D and driven development through independent innovation. During the reporting period, sales of photovoltaic cells and equipment increased, leading to increased sales revenue. In addition, based on the principle of prudence, an asset impairment provision was made for the equipment related to 2GWPERC silicon wafers and cells in the same period last year, which had a certain adverse impact on the net profit in the same period last year.On January 16, Rongsheng Development issued a performance forecast, expecting the companys net profit attributable to shareholders of the listed company to be negative in 2025. The companys operating performance in 2025 will show a loss, but the amount of loss is not expected to exceed the unaudited net assets at the end of the previous year. The companys net assets at the end of 2025 are expected to be positive.On January 16, the China Securities Regulatory Commission (CSRC) held its 2026 system-wide work conference. The conference emphasized upholding the principle of strengthening the capital markets domestic market presence and promoting deeper and higher levels of two-way opening up. It stressed expediting the implementation of optimized schemes for qualified foreign investors, expanding the scope of openness for specific futures products, and improving the convenience of cross-border investment and financing. The conference also called for improving regulations and systems for overseas listings, enhancing the standardization and transparency of filing management, strengthening regulatory and risk prevention capabilities in an open environment, and actively participating in international financial governance.On January 16, the China Securities Regulatory Commission (CSRC) held its 2026 system-wide work conference. The conference emphasized the need to continuously improve the standardized operation of listed companies, accelerate the promulgation of regulations governing listed companies, fully implement the newly revised corporate governance guidelines, strengthen constraints on the behavior of controlling shareholders and actual controllers, and improve institutional arrangements such as dividend repurchases, equity incentives, and employee stock ownership. It also stressed the importance of stimulating the vitality of the mergers and acquisitions market, improving the supervision of the entire restructuring chain, and taking multiple measures to promote the high-quality development of listed companies.Japanese Finance Minister Satsuki Katayama: We have not yet received any inquiries from the Bank of Japan regarding the joint statement from other central banks supporting Powell.

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Showing Early Signs of Closing Price Reversal Bottom

Skylar Shaw

May 11, 2022 11:18

Risk appetite seemed to be heating up again following Monday's severe sell-off, with June E-mini S&P 500 Index futures trading higher at the cash market start on Tuesday, although concerns over economic growth weighed on mood.


A combination of monetary tightening by major central banks and a slowdown in economic growth has fuelled this month's shattering collapse in the benchmark index.


June E-mini S&P 500 Index futures were trading at 4048.75 at 13:30 GMT, up 51.25 or 1.54%. The S&P 500 Trust ETF (SPY) closed at $398.23 on Monday, down $13.11 or -3.19 percent. Based on the behavior of the futures market, traders anticipate a higher opening.


The index's overnight bounce was most likely a technical response to the market's first dip below the 4000.00 barrier since March 2021. As the market moved, it reached many oversold oscillator levels, attracting bottom-pickers.


Investors may also be adjusting their holdings ahead of Wednesday's important Consumer Price Index (CPI) release in the United States.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the primary trend is down, but the market is displaying signals of a change in momentum. A move through 3961.75 marks the start of a new downtrend, while a move through 4303.00 marks the start of a new uptrend.


4303.00 to 3961.75 is the minor range. The closest resistance is around 4132.50 to 4172.75, which is the retracement zone.


4509.00 to 3961.75 is the short-term range. Its 50% level of 4235.50 serves as extra resistance.

Technical Forecast for the Daily Swing Chart

Trader response to 3987.50 is expected to influence the direction of the June E-mini S&P 500 Index on Tuesday.

Positive Outlook

The presence of buyers will be shown by a prolonged advance over 3987.50. We might witness a burst through the minor 50 percent mark at 4132.50 if this move creates enough upward momentum. On the first challenge of this level, sellers are likely to enter. If it fails to hold as support, the Fibonacci level at 4172.75 is likely to be tested.

Bearish Prospects

The presence of sellers will be shown by a persistent move below 3987.50. This may result in a retest of the intraday low of 3961.75. If this level is not held, the selling might continue till the primary bottom at 3904.75 on March 30, 2021.