News just announced about didi:
Beijing was considering taking a stake in the ride-hailing company and possibly bringing it under state control. It’s unclear what size stake Beijing would consider taking in the company.
but in another source it showed2 billion dollars which is 5% from the company which is not a huge portion. 12 months pt for me is 23.
entry...
DIDI’s app remains online for its existing users in China but the suspension on new downloads and registrations could throttle its near-term growth. Therefore, the biggest challenges for DIDI personally I believe will be to bring its app back online, comply with China's new cybersecurity, data privacy, and labor regulations, and allay investors' fears about a...
The central government's probes into major tech-oriented transportation companies are obscuring the development of the likes of DiDi.
DiDi took only 20 days to be listed in the US market, which appeared odd to investors and regulators.
With over 22 rounds of financing, the mobility company has long been under pressure to make profits for its shareholders.
DiDi...
-As all the Chinese stocks are going through rough times with the Chinese government and their regulations, Didi is no exception.
-With the given uncertainty in the Asian market, we expect two outcomes from the current formation.
-For Didi to get into a bullish movement, it needs to keep up with the current support line and not break below it. If we manage to...
At the time of DIDI`s IPO i was tempted to enter this stock because i was listing to Jim Cramer`s blessing: 'I would try to get as many shares as you can'. i hope he didn`t. and i haven`t entered either because i considered the valuation too high for a company that last year had negative earnings, -10.84Bil.
And in comparison i was listing to analysts saying...
On July 4, the Cyberspace Administration of China (CAC) ordered app stores to stop offering the Didi app.
China's cyberspace regulator banned Didi from app stores on July 4, owing to the illegal collection of users' personal data. The CAC had requested Didi to rectify the existing problems in strict accordance with the legal requirements, protecting users'...
We continue to move sideways inside the squeeze between 37 and 80. We see healthy short activity with the bulls still in control, thorugh bear territory. The shorts started at the $50 area and that will be the resistance to break clean over 55, which is just the 10% window above the last short. We are still bullish with the shorts feeding the squeeze. ...
This is my first trading idea published here, mainly because all my capital is allocated and I don't have more to trade on this one, so I'll post it to start building some reputation. But don't follow me because I might be lost too.
Here we go:
ADX shows a short trend starting on the daily, still weak, but we can consider it to start the trade. On the weekly, the...
