0700 Tencent - breaking out to the upside, will it sustain? Tencent breaking out to the upside and moving averages confirms the breakout with 50SMA crossing the 150SMA, both MA are sloping upwards. Longby Badassmofo0
would you want to add property sectors to your portfolio?Now, everyone has different investment strategies, time horizon, perspective about market, etc. We all know that Warren Buffett is the world's leading value investor yet he invested in many sectors that are tough to analyse like Oil and Gas, shipping, etc Property sectors in China had its glorious days for several decades but it is over, imo. (at least the next few years). Unless you are looking at the Tier 1 cities like Beijing, Shanghai, Guangzhou, it would be pretty tough to make good capital gain out from investing. With declining population, aging population, families that choose to have lesser children not more , how are the excesses going to be filled up? Look at this counter ,Hung Lung Properties. Had you invested back 20 years ago and held the stock till now, you are losing money due to inflation and note that it is coming back to the support level . Would it goes below? Possible ! Do not think that it must rebound based on any support level and can it rebound for a short few weeks and then crashes again ? Possible. That is the best part of investing, nobody can foretell the future. But you as an investor can choose which sectors to invest. Property sectors are cyclical and the developers are always at the mercy of the government's plan in terms of land , how it is going to be used, etc. Now compare it with one of the largest developer in SG- CDL - see the similarities? Yes, some of these developers do pay high dividends like 6-10% but unless you have cash to burn and is ok for decades not to see your capital appreciate , then maybe you can select these counters. Think again, if you are in your 20s , yes you can afford 1-2 20 years to see if your prediction is right . But for those who are already in their 40s or 50s , would you want to see these counters perform when you are in your 60-80s ? Plese DYODD by dchua1969Updated 1
Tech Giants of China - when will they see their glorious days?We can see a similar pattern for Alibaba and Tencent shares in the daily chart. Both are in a consolidation stage and the resistance is hampering the price action to rally further. I am watching closely this level and any breakup with a bullish signal could be a potential trend reversal to the bullish side. PatienceLongby dchua1969Updated 7
Alibaba Holdings UpdateA few positive things did happen for Alibaba. The removal of Daniel Zhang and being replaced by Joseph Tsai. So far, I like what Jospeh has done for the company, making it leaner and removing excess fats that are stalling its growth. They have also started to declare dividends and shares purchase buyback, boosting investors confidence. We have seen the share price pretty stable at 70 price mark although the recent days has seen it gone to a low of 67.30. Like Tencent, I am in no hurry to accumulate and keep myself updated with the news happening in the industry and the regulatory moves in China. by dchua1969Updated 1
Your window of opportunity to get Alibaba is here!Alibaba, once the talk of the town some years back had suffered a lot of backlash with news saying the disappearance of Jack Ma, how he offended the government, rumours he retired in Thailand, etc. From the day chart, we can see a nice trend reversal pattern that is being played out with HL and HH patterns. This signify a trend reversal and it is breaking out from the bearish trend line, another strong indicator. I like how the management is centering its focus on its core business - Ecommerce and Cloud and investing on AI which is the next pillar of growth , both for China and globally. It is doing the right things - doing shares buybacks , offering dividends to shareholders, divesting non-core businesses, letting the younger ones to run the business and retires the old guards, etc. I am vested so please DYODD Longby dchua1969Updated 9
Xiaomi updateA whopping 77% drop from the peak of 35.85 to a low of 8.50 in Oct 2022. It broke the first resistance at 14.26 and is now approaching the 2nd one at 16.88. If it breaks above with a bullish signal, I will add more slowly. It's launch of the Electric vehicle will give the likes of Tesla, BYD, Xpeng, NIO, etc a good run of their money. While the others are automotive business, Xiaomi has other revenue generating models to depend on - consumer electronics. Hopefully ,the EV segments will give it a much needed boost in the local market. by dchua1969Updated 118
Tencent: Gathering StrengthTencent is currently moving sideways. We believe that the price is currently building up momentum and should continue to rise soon. Finally, we expect the magenta wave (3) to end above the HK$416.60 resistance.Longby MarketIntel1
Hong Kong Properties - Gloomy Days ahead Read latest news here Property investment is a capital intensive game and the waiting time is much longer compared to equities. Those who bought into HK properties 2-3 years ago and if they are selling now are likely to incur heavy losses. But they have no choice especially if they are speculators , hoping to flip the properties for a quick gain.........by dchua1969Updated 113
Meituan Uptrend Line Price Rejection At 104.8 HKD 06.06.2024- Uptrendline price rejection observed at 104.8 HKD on Meituan's 4-hour chart. - If rejection holds, potential uptrend to 129.2 HKD. - Break above 129.2 HKD suggests further upside to 147.8 HKD. - Conversely, if rejection holds, potential downtrend to 95.00 HKD. - Break below 95.00 HKD may indicate further downside to 60.85 HKD. - Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Longby BDSwiss_Academy1
ICT Long setup of a Hong Kong stock: Tencent (700)👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in Hong Kong stock : 700 for Swing trade. Please refer to the details Stop loss, FVG(Buy Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!Longby ICT_Trader_SB112
Lenovo (992)It is the second leading stock in the Electronic Technology sector after XIAOMI. Additionally, the company has diversified its investments into Latin America as well, providing greater growth opportunities.Longby OhmJeerasak0
Why I am not buying Baidu ?as you can see , it is still within the bearish channel, no indication of trend reversal pattern. So what's the hurry? It might goes lower. To me, TA is reactive, our roles should be when this pattern emerges, what am I going to do? Let your research work - fundamentals secure you on the selection process. Everyone uses different metrics..... Could it revisits its Oct 22 low of 73 price level ? I doubt so but it is possible so let the chart plays out and then decide the next course of action. Our role is not to predict how the patterns will play out using our preferred imagination , confirmation biases , etc and disillusioned our mind. Like I said, buying the stock takes less than 30 seconds but once it is purchased, you have to watch it grow either upwards, sideway or downwards. Over time, this will affect your mood as you either see profits, stagnant or losses. The blame game starts why didn't I ? So rather than regrets , it is wiser to be discipline to do all the preparation work. And no need to worry too much about missing the boat, the market always offer opportunities for you to get in, maybe not at rock bottom but is better to ride the right trend than to buy at cheapest and hold on for months/years before it rallys. Opportunity costs !by dchua1969226
Tencent 0700 - will this breakout be sustained or smashed again?Strong breakout for tencent, to watch over next 6 mths if it sustains or once again gets smashed by the Chinese govtby Badassmofo0
ICT Long setup in a Hong Kong stock : 941👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in HK stock : 941 for Swing trade. Please refer to the details Stop loss, FVG(Buy Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!Longby ICT_Trader_SB0
How about Tencent now ?From the weekly chart, we see a bearish engulfing candle closed for the week. With the negative PMI results and if no positive news next week to prop up the market, then it is likely to go further south towards 310.80. There, I will wait for bullish signal before buying more. Longby dchua19690
9888 (BIDU) - Breakout and Bullish Retest9888 (BIDU) broke out and successfully retested on confluence of 0.786 fib and trendline support. This was after the rejection off the 200 day moving average, which is a healthy pullback for a solid entry. Hang Seng Index (HSI) also bounced off VWAP support today after catching a short break from a massive (and expected) run up. Technicals aside, the fact that BIDU is trading near book value calls for an opportunity for any well-diversified investor. A good entry is simply icing on the cake. Easy buy, both as a trade or an investment position.Longby sooshiz0
Breakout Long setup about a Hong Kong stock👋Hello Traders, Our 🖥️ AI system detected that there is an ICT Long setup in 1199.HK for scalping. Please refer to the details Stop loss, FVG(Buy Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!Longby ICT_Trader_SB0
Xiaomi Drops but Strong Results & EV Entry Are SupportiveThe stock of Xiaomi posts its first losing week in more than a month, despite its mostly strong quarterly results on Thursday and the upgraded guidance on EV deliveries. The drop likely reflects the broader decline of the Hang Seng Index due to geopolitical concerns. It also makes sense from a technical standpoint, since it had reached highly overbought levels. It is now at a critical technical juncture, as it tests the 50 line on the RSI and is exposed to the 38.2% Fibonacci of this year’s advance. A breach of these levels would open the door to deeper correction that could challenge the EMA200 (black line) and the Ichimoku Cloud, but these levels can contains such moves. However, Xiaomi reported a 27% y/y increase in revenue in Q1 and 37.6% y/y rise in operating profits. Furthermore, its smartphone shipments increased and the No 3 maker globally can benefit from the expected recovery of the market, following last year’s contraction. Most importantly, the Chinese smartphone maker made its foray into electric vehicles this year, continuing to diversify and search for new growth markets. Demand for its SU7 sedan, deliveries of which began in late March, has been very high. It has already handed over 10,000 vehicles since May 15 and aims to deliver more than 100K units this year. Its entry into EVs has fueled a rally in its stock and can drive further gains. Even if there is risk of deeper pullback, the path of least resistance is higher, especially if the 38.2% Fibonacci holds. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results. Longby FXCM5
3692 HANSON 1. Behavior, abbreviation EMA35 test and Horizontal Line 2. The stock chart is stronger than the INDEX 3. Operating results grow in the second half of 2023 after partnering with allies, allowing sales to grow rapidly.Longby OhmJeerasak1
Tencent Holdings updateAfter falling from the peak at 416 on Jan 2023 to a low of 260, it has since recovered by more than 10%. We can see the price level has broke out of the descending wedge and an important support at 295.80 must hold else it will falls back into the channel. I will be monitoring closely before adding more..... Please DYODDby dchua1969Updated 2
What will the future of JOBS be really, really like ??Read this IPO news here This article here is nothing new as we are witnessing a change of the job market landscape exacerbated or accelerated by the Covid-19 pandemic. See article here How big is the food delivery market globally? See here In Singapore recently, someone claimed they could make almost S$9000 a month from this food delivery business. This is close to what a General manager pay in a company. This makes me think hard, do my kids really need a degree i n the coming years to earn a job ? I explore one of this GIG economy stock here . Come to think of it, many of this ad hoc jobs tend to sit with some form of creative skills. Another area that I look at is the GAMING industries where many young people prefer to work in - youtube influencer, voice artists, creating avatar, content editing, etc. Naturally, some of the gaming stocks that I like are here , here and here I also analysed where parents in China will spend their money on for their kids - EDUCATION comes up top and we did make excellent profit for a year or so until the Chinese government steps in and crashed it . And in SG where I lived, I am seeing more and more young people starting out to become hawkers rather than using their degrees to earn a corporate job. I love talking to private hire drivers whenever I take a Grab with my family (before Covid) and many of them were holding high level positions like Directors, MD and some had PHDs as well. Some reached a certain age (especially over 40) and find it hard to get back to the 9 to 5 job anymore so they switch to becoming a private hire driver where they have more control of their time. In a time where inflation are soaring, property prices are going up the roof and food prices are skyrocketing, one MP made a suggestion to renew the University degrees every 5 years. Ridiculous ? Realistic ? Or plain out of touch with market ? Just when we think things are going smoothly for these aspiring media influencers, as remote as it is , a WAR could be the OBSTACLE to take away everything you have. Read article here So, I wonder, what will the future of JOBS be really, really like ? Please share your comments !!!Longby dchua1969Updated 0
Tencent Holdings LtdIs Tencent Stock a Buy Now? Tencent posted its third quarter earnings report on Nov. 16. The Chinese tech giant's revenue fell 2% year over year to 140.1 billion yuan ($19.8 billion), which represented its second consecutive quarter of declining revenue since its IPO in 2004. Its net profit rose 1% to 39.9 billion yuan ($5.6 billion). On an adjusted basis, which excludes its investments and other one-time items, its net profit grew 2% to 32.3 billion yuan ($4.5 billion). Those growth rates seem anemic, but Tencent's stock had already been cut in half over the past two years amid concerns about China's tightening regulations, slowing economic growth, and COVID19 lockdowns. So is it the right time to take the contrarian view and buy Tencent as a turnaround play? Let's review its core businesses and valuations to decide. Tencent generated 31% of its third quarter revenue from its video game business. Domestic games, which include its blockbuster game Honor of Kings, accounted for 73% of that total. The remaining 27% came from overseas hits like League of Legends, Valorant, and PUBG Mobile.Its domestic gaming revenue fell 7% year over year, representing its third consecutive quarter of shrinking revenue, as it grappled with tighter playtime restrictions for minors in China over the past year. Those restrictions also coincided with a temporary suspension on new video game approvals in China, which started last July and ended this April.Its international gaming revenue rose 3% year over year, accelerating from its 1% decline in the second quarter, as new games like Tower of Fantasy and Goddess of Victory: Nikke attracted new players. Unfortunately, its overseas growth still couldn't offset its declining domestic revenue. As a result, Tencent's total VAS (value-added service) revenue which includes its gaming divisions, social media platforms, and streaming media subscriptions -- declined by 3% in the third quarter but still accounted for more than half of its top line. This core business might gradually stabilize as Tencent expands its international gaming business, but it will likely remain under intense pressure as long as the Chinese government continues to scrutinize the gaming industry. 200$ was one of the biggest support and great opportunity to buying the dip. 300-320$ is a big resistance level for tencent and if bulls win that battle then 350$ is next but can we back 250 or even 200$ again? YES by moonyptoUpdated 111110
Close to the Alltime LowThere is not much to say. Neither the indicators nor the chart picture indicate an immediate rise. And the monthly chart gives an impression of a complete loser from the very beginning. The purchase of the development branch from DiDi in 2023 gave only a glimpse of hope. But Xiaopeng is not a loser. The sales of cars are exploding. If there was a hype I would think that there must be reasons for the continuing drop, some kind of bad news. But there was no hype but a steady fall. And even if there are some bad news they can not eradicate the glorious success of the company for years. Now we are reaching the alltime low of 2022 again which may provide some hard support to the share. Good time for the market to take reality into account.Longby motleifaulUpdated 13133