CHI - time to put my toes in the water and buy. will add to my positions if price goes lower than current levels at $1.75 Final Target - (+) $4.50 early stage profit target $2.50
BABA recovering & multiple lvls to play for from 2 fib retracements, previous demand zone, and gap fill. PT as shown in the chart
Alibaba is the most prominent of the major Chinese technology stocks that have soared in 2020. It fell sharply after authorities suspended the initial public offering of its Ant finance arm on November 3. That decline has landed BABA deep in oversold territory, according to stochastics. This is the most oversold since June 2019 when Beijing and Washington were...
A recap of todays bangin trade. What could happen in the future, and more!
1. Baidu have had low valuation due to its stagnant growth of its core business - search engine in China, however, it enjoys a significant moat in this segment as it is the largest market share holder - therefore has network effect. 2. Baidu had been investing significantly in developing AI and autonomous driving over the past few years. Its Apollo project is as...
One of the more interesting dynamics since the Nasdaq-100 swooned last month has been the relative strength of Chinese technology stocks like Alibaba. This hourly chart compares the Golden Dragon China Index with the Nasdaq-100 . First you have the simple outperformance since the low. Second, notice that HXC made a higher low in late September, while NDX...
Hello friends ! Please support this idea with LIKE if you find it useful. *** as you see in the chart we have a downtrend followed by a very large green volume at the bottom this signifies a market reversal so it's a good time to buy and earn money
Ideal continues sells to fill the inefficiencies left below, also the inverse correlation means a buy for US based stocks
PDD down from 100$ to 72$. Today having a doji candle exactly on previous support line. It might serve as reversal. In addition, RSI is at 30 which indicate oversold. Buy @ 75$ Stop < 72$
Chinese technology stocks have held their ground better than their U.S. counterparts. The Nasdaq Golden Dragon China Index is 8.5 percent below its 52-week high, while the SPDR Technology Fund is down 12 percent. Alibaba, a key name in the group, has some interesting patterns on its chart. First is the bullish-triangle breakout in August, which it’s now...
Contextual immersion trading strategy idea. 21Vianet Group, Inc. provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. The demand for shares of the company still looks higher than the supply. This and other...
The monster rally in Nasdaq stocks has obviously grabbed most people’s attention recently. However there’s also been a major shift in currency markets as the U.S. dollar slides. That trend has paused for more than a month. Looking simply at the dollar index , it’s not clear whether the decline is ready to continue. But DXY is two-thirds European (euro and...
Hi there. Price is forming a big reversal pattern to change its direction. Also is close to 0 value which is a very good sign. Wait for the price to complete the pattern and watch strong price action for buy.
RYB Education, Inc. provides early childhood education service in the People's Republic of China. The company offers kindergarten services to 2-6-year-old children; and play-and-learn centers services for the joint participation of 0-6-year-old children and their adult family members to promote children's development, foster bonding with family, and prepare them...
Powerful out performance in China tech unlikely to be undone by new Trump executive order
Alibaba making an interesting W-formation. Waiting for a break above the double top, or a retracement to the 20sma to go long. OBV and RSI are supportive of the movement, with OBV trending higher than previous peaks, and RSI above 67. Keeping on a watchlist.