Alibaba has been basing in the form of a bottoming reverse head & Shoulders formation. if this plays out as per the textbook we have a target in the region of $216. Keep a close eye and watch for a close above the neckline to confirm the pattern.
BYD Company Limited ($BYDDF)
BYD Company Limited, together with its subsidiaries, primarily engages in the research, development, manufacture, and sale of automobiles and related products worldwide. It operates through three segments: Rechargeable Battery and Photovoltaic Products; Mobile Handset Components and Assembly Service; and Automobiles and...
DIDI , considered as the UBER of China , has lost 60% since its IPO day.
Chinese stocks have been beaten down badly.
Is this the opportunity of a lifetime to buy them cheap? I don't know.
Tell me what you think.
Looking at the chart, I see a triple bottom and a potential bounce play for all Chinese stock.
I believe that Uber is a Didi shareholder.
Chinese stocks have been beaten down badly. Is this the opportunity of a lifetime to buy them cheap? I don't know.
Tell me what you think.
I like the chart and it looks like we could have a substantial bounce here. I'm buying some January calls.
All resistances mentioned on the chart are potential targets. Let's regain the 50 MA and see.
NIO and ...
The GDX was in close watch and it is time... Technicals are favourable for a bull run, and so is the broad equity market. Also had broken out of the Buy Zone!
GXC the China ETF is just about ripe based on technicals. Similarly, broad equity market drift should hold in supportm and the immediate gap should be closed for a run up.
Today we will take a look at BABA. When do we think maybe a good moment to start adding Chinese stocks into our portfolio?
Of course, we will look at the answer from a technical perspective, and this is the conclusion we make:
a) We must see contact with the support level first (Is there buying pressure?)
b) If we see bullish pressure, that is the first...
LI Auto announced a reduced outlook on its vehicle delivery volumes for Q3.
The previous guidance from Li had deliveries of 25,000 to 26,000 for the third quarter, but it now expects 24,500.
My price traget is the 22.8usd support.
I expect a correction in other Chinese EV stocks too.
In this post, I'll be providing an easy yet comprehensive explanation on the Evergrande crisis, and why it's important for us to understand the situation.
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own...
This is not a moving average I generally use on stocks as they don't trade 365 days in a year, however interesting to note how the 365 week ma on this chinese tech ETF has called the bottom on many occasions previously. Could this be where a bounce transpires?
Extreme bearish sentiment at $46 support? Looks due for a bounce to me. First upside target $66 and then $76. Unlikely to make it much higher than $76.
Watch for reactions to price action on key dates and levels on the chart.
New day, new series. I am excited to introduce the YOLO (You Only Live Once) Adventures. This is going to be an experiment where I bet $1,000 in options to try and get outsized returns in a short period of time. Of course, I will be using techniques that I have previously mentioned to try and optimize risk/return. On the chopping block, this week is $BABA
BABA broke out two days ago, with above average intraday volume.
OBV is confirming slight positive trend.
Taking a look at seasonality:
We are entering July, which has been THE best performing month in the past 8 years.
BABA has closed higher than it opened 83% of the time in July, since 2014.
Approximate Potential Target ---> $275