Fortescue has been in a steady downtrend since the drop of iron ore prices in August. Since October, however, it was able to hold support at around 14 over and over again. With the recent drop in SGX:FEF1! this especially notable.
I am fundamentally bullish on Fortescue due to its fundamentals (balance sheet, green hydrogen ambitions, autonomous hauling) but...
I think $BABA likely bottoms around here, the 14 week down trend signal that predicted this decline reached its final week and price will gap down into long term support from the all time 25% speed line for the whole advance from the bottom to the top. Sentiment had reached critical levels for equities last week already, and there's a path out of this mess with...
In the first half of 2021, BOE continued to rank first in the world in terms of display shipments in the five application areas of smartphones, tablets, notebook computers, monitors, and TVs.
BOE released its Q3 earnings report for the period ended September 30, 2021, on October 28.
· Operating income was CNY 56 billion, a 46.8% year-on-year increase.
· Net...
The acquisition of Kerry Logistics assets reached CNY 200 billion.
SF Holding released its Q3 earnings report for the period ended September 30, 2021, on October 28.
· Operating income was CNY 47.5 billion, a 23.5% year-on-year increase.
· Net income was CNY 1.0 billion, a 43.5% year-on-year decrease.
· Gross margin decreased by 6.8%.
· Completed 51.5% shares of...
The automaker has been expanding its global layout during the past quarter of 2021 and has entered the Egyptian, Bruneian and European markets. During the third quarter, Great Wall Motor announced its target of selling 1 million vehicles overseas in 2025.
The revenue of the firm increased 10.13% year-on-year to CNY 28.86 billion.
Operating income was CNY 28.86...
For the first three quarters, the domestic revenue increased by 24.7% and the overseas revenue increased by 15.51% compared with the same period last year.
According to Midea's financial results for the first three quarters of 2021:
- The revenue increased by 20.57% to CNY 261.342 billion, and net income attributable to the parent company was CNY 23.455 billion,...
After an extremely frustrating and long corrective phase, I believe we are nearing the end of this. Looking for a dip to complete the wave 2 retracement and a very buyable zone from $35-37 as long as it holds. I see this as a major bottom and wave 3 to proceed with minimum target at $48.57.
I still hold 2023 calls and will continue adding on dips (including this...
Not my favorite setup into the week... but still worth mentioning here. A possible wave 1 is in and looking to retrace on this wave 2. I have indicated my ideal buy box in the $148-155 range is best. If we can hold there with volume, I will consider taking a small long swing, targeting the mid $190s area.
After a booming year in 2018, Wuxi has yet to slow down. The following article analyzes the success of Wuxi and its shortcomings.
China has released a number of new policies to help make the biopharma industry more transparent and efficient.
By 2020, China had full coverage of medical service systems in rural and urban areas; 90% of residents in China can...
Despite a great Q3 overall, Tesla in China sees demand reduce as competitors begin to catch up.
Share prices for Tesla have soared to all-time highs after earnings and amidst reports of a 100,000-car deal with car rental company Hertz. Demand has not been the main issue for Tesla outside of China seeing that orders have backlogged out as far as May and prices on...
Luckin denied wrongdoing in agreeing to settle while its U.S.-based lawyer did not immediately respond to media requests for comment on Tuesday.
After their founding in 2017, Luckin Coffee's hype and share price peaked around early 2020 as they broke out to rival global coffee icon Starbucks. Then Muddy Waters Research dropped a bombshell claim of falsified...
... and Super Energy Storage Station.
The CEO of XPeng Inc. predicted that the penetration rate of new energy vehicles would reach 50% in 2025.
On October 24, Xiaopeng He, CEO of XPeng Motors, said that XPeng hopes to be the first 800V high-voltage platform equipped with silicon carbide chips in mass production, aiming to achieve the endurance of 200 kilometers...
BYD's reasoning is that the raw materials for lithium batteries have been rising due to market changes, power restrictions, and production limitations.
BYD, China's largest new energy vehicle company, is also the second-largest local supplier of power batteries after CATL. As costs rise, the company is said to be raising the price of its batteries.
BYD will...
Following the exile of Jack Ma, shares of BABA tumbled down from all-time highs a year ago.
No company has incurred more of a loss in market capitalization than Alibaba in the last year. None have come close to the large figure. Ever since Ma publicly expressed forthright discontent with the financial system of China, investor sentiment around the successful...
HSI Tech reversal
$BABA showed weakness last week and again led to the complex reversal.
It seems the counter-trend rally may have come to an end.
$HSI also has a smaller degree Island Reversal as well. It should lead to some volatility here on.
