Recent moves by the Chinese Government - termed "Three Arrows", facilitated a decrease of interest rates among various other changes of policy made for loans, borrowing and payment etc. This cumulated action signalled to investor's that China was reopening its economy, thus leading to a huge surge in investment in Chinese Blue Chip stocks, and the entire stock...
On September 24th, China announced an unprecedented fiscal stimulus, aiming to rescue its ailing economy. As soon as the news got out, China’s stock market staged a huge rally. The Shanghai Stock Exchange (SSE) index moved from below 2,800 on September 24th to close at 3,336.5 on September 30th, up 19% in a week. One-month return for the SSE and notable Chinese...
Stocks in Shanghai, Shenzhen, and Hong Kong took off last week and continued their climb on Monday, posting their best single-day rally in 16 years. This surge came after several announcements from Beijing aimed at boosting the country’s economy.
But now, The Shanghai Stock Exchange will be closed from Oct. 1 to Oct. 7 for China’s National Day celebrations, and...
NASDAQ:JD Price action is a sign of strength today - whereas pundits said Chinese markets will open weak.
I love what we're seeing today and have updated our upcoming resistance points to consider profit taking.
They are as follows (est.): $46, $50, $60.
On continuing strong VOL, this name should continue to feel the love!
SSE Composite Index
Macro timeframe has just confirmed a bearish trend incoming.
Expiry set for October 2026 with macro targets of $2,000 - $1,700.
Short term we may take the lows of $2,600's followed by a dead cat bounce toward $3,000's and macro bearish structure will remain the same. Macro bearish idea invalidation upon a strong close above $3,200.
BYD and Li Auto dropped by 5.57% and 7.29%, respectively, exerting a decisive impact on the decline of HK50. Despite BYD's reporting of favorable 2Q earnings with a 26% increase in sales, the results fell below expectations. Meanwhile, Li Auto's 2Q performance was down 45% YoY, while sales increased by 10%. However, the 5.6% decline in electric vehicle...
Real estate has made China rich in recent years and decades. Now it looks more like radioactive kryptonite from the DC Comics universe - the birthplace of Superman.
Three months earlier, China's house prices fell 0.4% in a month, according to official statistics released in November 2023, the steepest drop since February 2015, according to Bloomberg data .
It...
The China A50 index (CN50) completed yesterday a 1D Death Cross following a convincing rejection on the 1D MA200 (orange trend-line) and that should extend the Channel Down to a new Lower Low.
Technically it appears to far to be in good symmetry with the Falling Wedge's previous Bearish Leg, that found a temporary bottom after a -14.76% decline and rebounded to...
Is Tencent Stock a Buy Now?
Tencent posted its third quarter earnings report on Nov. 16. The Chinese tech giant's revenue fell 2% year over year to 140.1 billion yuan ($19.8 billion), which represented its second consecutive quarter of declining revenue since its IPO in 2004. Its net profit rose 1% to 39.9 billion yuan ($5.6 billion). On an adjusted basis, which...
The "beginnings" of a change in the downward trend of China's tech stock market may be starting to unfold. The price of Kraneshares China Internet ETF AMEX:KWEB has finally reconnected with my selected simple moving average (SMA) which often means further price consolidation or future price breakout from the overall mean. I'm not saying this will happen...
Alibaba Group NYSE:BABA has the potential for massive growth. From a technical analysis perspective (and using my selected simply moving averages (SMAs)), the price of NYSE:BABA is reconnecting with its primary SMA. It could ride this area for a while as it consolidates further, but this often means a future reversal of the downward trend. Thus, at $80.00, ...
The China A50 index (CN50) eventually closed below the 1W MA50 (blue trend-line) last time we looked into it (June 14, see chart below) and hit our 11800 downside Target:
The long-term pattern remains bearish in the form of a Falling Wedge, but right now we expect a medium-term counter-trend rebound similar to the one that followed the May 30 2023 Low and...
Summary
SunCar has built an innovative cloud service and mobile app that digitalize the automotive aftermarket and eInsurance sectors in China.
SunCar’s cloud platform is critical to China’s EV manufacturers as it delivers leading technology, a user-friendly mobile App, and China-wide scope.
In FY 2023 SunCar registered almost 30% overall revenue growth and 80%...
Baidu, like many other China-based companies, has been in a long downturn. However, China is showing signs of economic recovery and this could be a bullish sign for China's largest companies.
Another sign is that the stock is bouncing off a support that has been tested many times. If this support holds, Baidu could be a good investment for the next 2-3 years.
JD.com has seen the expected drop towards the High Volume Node and Point of Control (POC) on the daily and three-day charts, between $27.50 and $26.80. Now, the price is falling further, and we think the lowest it could go is $24.65. This area is about $1 wide, and if it goes below that, it might drop to $20.
Current Situation:
The current situation shows...
NASDAQ:PDD Cup n HODL! 🍵🚀
Huge move inbound; you've been warned! 🧨
✅Monthly Cup n HODL
✅95% SUCCESS RATE+AVG RISE of 52%
✅Bounce off Weighted VWAP
✅MACD uptrend & continuation above zero line
✅At Volume Shelf
🎯 $212
🎯 $232.36
NOT FINANCIAL ADVICE 🖖
The China A50 rose over 20% from it January low to earn its 'technical bull market' status. Yet prices couldn't quite reach 13k before embarking on a -7% retracement over the next four weeks. Yet with it showing early signs of stability above support zones, perhaps a swing low is near - if not in place already.
The daily chart shows a bullish engulfing candle on...
