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.
Holding Tencent and Youzan after the publicly given buy signal linked below.
Cn50 broke out from a major level and is now back testing prior support. On the monthly chart Cn50 has been creating a very large ascending wedge pattern and broke out. The market has the potential of breaking out to all time highs and starting a large bull market. I'm bullish on China over the long run and believe a very strong bull market could form from this...
Chinese stocks have been surging this year as investors embrace the country’s flourishing digital economy. However, one of its most established names hasn’t broken out yet: Baidu – “the Google of China.” BIDU entered the current environment in a weak place after years of revamping its search and advertising business. However it’s reported strong results in the...
Arbutus Biopharma Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of a cure for patients suffering from chronic Hepatitis B virus (HBV) infection in the United States. Its HBV product pipeline consists of AB-836, a capsid inhibitor that has the potential to inhibit HBV replication by preventing the assembly of...
Don't shoot the messenger! I have a timeline of Tesla below which should put a price target on NIO North of $400 to $500 a share. www.thestreet.com As we stand today, NIO is much more successful than Tesla ever was and at this time, or there a bouts, compared to Tesla at or around the same time period in production & sales, Tesla was trading north of $360 a...
This one is short and simple: JD.com just had its first decent pullback since it started running in May. JD has a few things going for it. First, the Beijing-based e-commerce stock spent almost all of June consolidating on either side of $60. It ripped over that level after the Independence Day weekend and has now retraced that surge. Will the old resistance zone...
Contextual immersion trading strategy idea. Cheetah Mobile Inc. operates as a mobile Internet company. The demand for shares of the company still looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position from $2,71; stop-loss — $2,41. Information about take-profits will be...
Breakout direction will be interesting.
As I identified in my last post, the nasdaq has reached a channel and parabolic line resistance. Even with all the asset price and market manipulation, the next step should be down. The caveat is obviously the US election craziness and the new Chinese market manipulation... where you now have competing market bubbles stoked by foreign actors. Stay safe everyone...
China A50 Index breaking aggressively to new highs may be a signal that the melt-up in risk assets is just beginning. With the mainstream press and banks issuing buy recommendations on the stock market, the frenzy is likely to push this even higher - 19,500 is within sight!
Shares are breaking out to the topside of a long term triangle pattern Long term bottom established at 2650 support
Contextual immersion trading strategy idea. China Pharma Holdings, Inc. develops, manufactures, and markets generic and branded pharmaceutical, and biochemical products primarily to hospitals and private retailers in the People's Republic of China. The demand for shares of the company still looks higher than the supply. This and other conditions can cause a...
Co-Diagnostics, Inc., a molecular diagnostics company, intends to manufacture and sell reagents used for diagnostic tests that function via the detection and/or analysis of nucleic acid molecules. It also intends to sell diagnostic equipment from other manufacturers as self-contained lab systems. The company was founded in 2013 and is headquartered in Salt Lake...
Alpha Pro Tech, Ltd., together with its subsidiaries, engages in developing, manufacturing, and marketing a line of disposable protective apparel and infection control, and building supply products in the United States and internationally. The company operates through two segments, Building Supply and Disposable Protective Apparel. The Building Supply segment...
Contextual immersion trading strategy idea. Qudian Inc. provides online small consumer credit products in the People's Republic of China. The demand for shares of the company still looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long position from $1,89; stop-loss — $1,79. Information...
On May 15, 2020, Sorrento had this to say about the COVID-19 vaccine they are working on... “We’re actually so impressed with the data,” Ji said. “One of the antibodies is so powerful that at a very low concentration it is able to 100% completely prevent infection or inhibit the infection. In our studies, not even one virus escaped from the antibody.” "Phase 1...