Meituan's price is still trading at the lower end of the magenta Target Zone between HK$96.90 and HK$64. Our primary assumption remains that the stock is already working on the wave 1 rises in turquoise - and that it should soon leave the resistance at HK$103.50 well behind it. However, we must continue to weight the option with a 35% probability that the stock...
Price target for MPNGF Meituan is $27.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
If you have been following me, you would know that I love China and its stocks.
Below are 3 of my top 3 China stocks that have given me triple digit returns todate :
1. NIO : 476% ROI
2. Meituan Dianpin :158% ROI
3 . Xiaomi : 170% ROI
Here's one of my favourite quotes from Peter Lynch :
I think the secret is if you have a lot of stocks, some will do...
Yesterday, the 2nd day of CNY and we were celebrating with our friends here in SG. Around evening, we ordered food online but they failed to deliver the food to my friend's place. We contacted the HQ and they said after trying to reach the driver several times, they had no choice but to refund us the money.
But the app said food has been picked up and DELIVERED...
The platform earned CNY 43.80 billion in Q2 2021 while reducing its monthly operating loss to CNY 3.25 billion. According to survey data, 60% of full-time riders have a monthly income of more than CNY 5,000.
- On August 30, 2021, Meituan, the Chinese life service e-commerce platform, released its Q2 financial report. The report shows that the company earned a...
The food delivery giant Meituan recently released its earnings report for the first quarter of 2021,including details on various user acquisition tactics and plans for future development.
In tech-savvy China, fundamental industries – food, health and education – have been rapidly evolving in the direction of online-based business models. The food delivery giant...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Here's a list of stocks, ETFs, commodities, currencies that I have went long recently :
Stocks :
Wilmar
Meituan
Geely
Beijing Airport
ZA Online
Baozun
NIO
Tencent
Yeahka
Lemonade
Amazon
Moderna
Tesla
Xiaomi
Stone Co
Baidu
Commodities :
Platinum
Gold
USOIL
Currencies :
EURUSD
NZDUSD
GBPJPY...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
From the beginning of 2020, emerging markets, and specially China, had been really outperforming.
The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel.
We have tested the 50sma, which has worked as the lower channel trend line in this system.
Risk-reward-ratio is...
Happy CNY 2021. Hong Kong Hang Seng Index closes higher by 1.1% for the 2nd day after CNY holidays. Hang Seng Tech Index also rose by 2.34%. HKEX:9618 rose by 6.4%, HKEX:6618 +5.8%, HKEX:3690 +2.78%. Fast-growing new economy continues to drive HSI.
Meituan is forming a nice descending triangle pattern and is currently waiting for breakout from the descending triangle ! if price could closes belowe the horizontal support line where it has tested 3 times before, we might see a further drop towards the downside !
Meituan is trading in a triangular squeeze and is ready to bounce from the lower band of the price action. Before a upward breakout, price is likely to reach the previous swing high first, which we use as our TP.
Technical analysis
We tested resistance approximately at the $50 limit; and broke it on Thursday, January 2nd.
Now this resistance has become out short-term support.
A bull flag is forming today, as a continuation of the bull pattern.
Top 10 Portfolio holdings
Name - Symbol - % of ETF assets
Meituan Dianping - 03690 - 10.43%
Alibaba - BABA...
