I am bullish on the beaten down China names, looking to bottom fish on TME. This will be a long term trade, levels of interest are labelled for me.
Chinese stocks are beaten down and I am looking to play a swing bounce on this. Horizontal levels I am interested in are labeled. Expecting this to be a long term trade
The main concern or reason for the tumble in stock price would be China’s increased regulatory scrutiny over tech firms during the past few months. On top of that, people also might be worried about delisting threats for Chinese companies by U.S. regulators. But on the other hand, people should look at how $BIDU is expanding its horizons, for instance, the company...
If you are a long term investor I hope you used the panic to top up your holdings. If you are a momentum trader you still have the opportunity to ride the bounce or accumulate your position a bit later. Possible scenario for BIDU but all names have something similar is as follows. I treat that panic as an exhaustion and behavioural pattern confirms that so I...
☝ KWEB - ETF of Chinese tech giants. It is traded on ARCA, but managed by a Chinese bank, so there is no threat of delisting. Price is at the bottom of the channel. Most likely it will be a bottom and there will be a reversal up at least 50% towards the resistance line of $70 by February 2022. The upcoming bullish reversal is confirmed by the MACD-histogram,...
Below the quarterly pivot and previous low. I’ll watch to see if it wants to continue. I get the feeling it wants to push back to these previous highs near the 181 area.
I inverted the chart to make it easier to see the bearish perspective of the chart, ascending triangle are really easy to see. On the right side, we are currently in the last leg (E) of the falling triangle. A break of 170 would possibly bring us back to a previous top that could act as a support. But, is it doable ? Not so sure, it looks already cheap enough to...
Looks great for next week. A false breakout to a shallow depth occurred at the support level of 177.00 and the Instrument quickly returned beyond the level. On Monday, you can look for entry points on a 5 minute chart. stop 0.5% Take 1 6%, i.e. 1 in 12 Take 2 12%, i.e. 1 in 24
We did a 50% retracement (a Gann favorite) and are bouncing off a zone of support and a short term trendline. I think this has good upside.
BABA broke out two days ago, with above average intraday volume. OBV is confirming slight positive trend. Taking a look at seasonality: We are entering July, which has been THE best performing month in the past 8 years. BABA has closed higher than it opened 83% of the time in July, since 2014. Approximate Potential Target ---> $275
Hi traders! I believe that Baidu is at a critical level here. Watch the analysis to see what we can expect next. Happy trading!
BIDU has a really clean setup this week! We're sitting right at the 203/205 resistance, meaning long trades are valid at any point above it. We will likely make a quick trip up to 223, then 228 if it starts running. Above that it's clear skis up to 264, though it's unlikely we reach that far. The only reason I even included that is because ROKU blew me out to the...
BIDU : Baidu is back above the long term trend line that was supporting the price for a long time. The last candle has also reintegrated the cloud and the lagging span broke the kinjun and tenkan. All the above indicate a potential bullish trend reversal . I'm now switching from bearish to neutral/bullish. Good enough for me to initiate a long swing trade...
This post is just for people to know what is going on between big players! No recommendation to buy or sell: According to Bussiness standard: Soros Fund Management bought $194 million of ViacomCBS Inc., Baidu Inc. stock valued at $77 million, as well $46 million of Vipshop Holdings Ltd. and $34 million of Tencent Music Entertainment Group during the first quarter,...
Am i seeing this correctly? Some sort of reverse wedge on BIDU. Togtehr with strong RIS divergence is telling me to BUY bidu and take it LONG to the 61% FIB level.
$BIDU Unusual options activity. Descending wedge breakout approaching short-term and long-term convergence. Will be watching for a move to $220. Lot's of potential.
Video Breakdown on $BIDU Looking good potentially to the upside past 208-10
trading below its VWAP from the previous high, Emerging Markets expected to outperform this year, KWEB is a good way to focus exposure in China while getting a diverse basket of high growth names that are titans over there with names like Alibaba, Tencent, Pinduoduo, Baidu, and JD.com. Diversification is key especially as US markets top out in the near term