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...
NASDAQ:WB drawing a double bottom figure.
Looks like and this is my prediction, that it will start 2-years growing tour from 18 to 89.
Potential is very high, but looking at the turning trend for the most of Chineese huge companies, I assume, Weibo Corp will hold this trend and stay closest to it.
NASDAQ:WB ::17.75->51::+187%::1year (Mar-Apr 2024)
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CHN50 - 24h expiry - We look to Buy at 12555 (stop at 12435)
Price action looks to be forming a bottom.
Previous resistance at 12530 now becomes support.
12531 has been pivotal.
Support is located at 12530 and should stem dips to this area.
Buying posted in Asia.
Our profit targets will be 12855 and 12935
Resistance: 12700 / 12850 / 13000
Support: 12600...
... and it is about to roll over. E.g. Sell it ALL!!
This is the year (2023) to start the Long March (a familiar theme in Chinese history), to gain full stride, right into oblivion.
Namely, the Chinese demographic implosion which has been gathering speed for quite a while now, will hit that country with undeniable force, essentially halving the population in...
I remember a few months ago there was talk about the Chinese Yuan being the new reserve dollar? Ray Dalio?
The China economy looks so far gone its not even a joke anymore
Government forcing people to not sell assets including banks / institutions
China stimulus debasing the currency parabolically
China stock index failing to grow at all
China no...
Analyzing the options chain and the chart patterns of JD prior to the earnings report this week,
I would consider purchasing the 37.50usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $1.99.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read...
AU wages came in weak, The RBA hinted that they think they're done tightening in the minutes, The PBOC cut rates (again) and a slew of data from China once again misses the mark. And all in a 30-minute period! I think we’re fast approaching a phase where bets will be on for another round of stimulus. The China A50 is holding its ground above 12,600 and AUD/USD has...
If you haven`t sold LI when they reduced the delivery outlook:
Or on this Earnings Release:
Then Analyzing the options chain and the chart patterns of LI Auto prior to the earnings report this week,
I would consider purchasing the 20usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $0.60.
I think there is still some...
JD on the 1H chart has been in a solid downtrend worthy of shorting.
However, the zero-lag MACD shows a line cross under the histogram and
a red to green there. The signal has curled. This looks like subtle
divergence. Price is in the area of the mean anchored black VWAP lines.
The mass index indicator is double tapping the reversal zone.
So, what you think?...
The China A50 trades within a bearish channel on the daily chart, although we strongly suspect it wants to break out of it to the upside.
If you look at the steady stream of weak data coming out of China over the past few months, why is the China A50 not breaking to new lows? In fact, each time the market has pulled back to the 12,400 area since early June...
If you haven`t bought NIO here:
Then Analyzing the options chain of NIO prior to the earnings report this week,
I would consider purchasing the 8usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $0.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
hello dear trader
this price action of (chinaA50)
FTSE China A50 Index is a stock market index by FTSE Group, the components were chosen from Shanghai Stock Exchange and Shenzhen Stock Exchange, which issue A-share; B-share were not included. Other similar product were CSI 300 Index by China Securities Index Company and "Dow Jones China 88 Index" by S&P Dow Jones...
VIPS is one of the best looking China stocks at the moment. It is a similar business to JD except about 1/10 the marketcap. I am long VIPS looking for some strong action into the low to mid 20s over the next few months. stop is a close under $12
LICN has been on our radar ever since it broke out of a VCP type setup. The stock ran into resistance and now has seen a heavy amount of trading around the $2.30 - $2.50 range.
In our opinion, the stock provides a low risk, high reward setup with our target being the AVWAP from the IPO high.
Strong support is current present from the rising 50 day MA and the...
A good long setup here with earnings out of the way. The stock gapped up on heavy volume after a good earnings report. This gap up also happened to be above the AVWAP from the June highs.
Currently the stock is consolidating after the strong run up from the $21 area all the way towards the $30 area.
In my opinion, the $26 - $27 range provides a good buying...
If you haven`t sold BABA here:
and bought it here:
Now Analyzing the options chain of BABA Alibaba prior to the earnings report this week,
I would consider purchasing the 90usd strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $4.45
If these options prove to be profitable prior to the earnings release, I would sell at least...
