NASDAQ:KC breaking through a triangle here and seems a bit heavy at 5, stay tuned to see if bulls can save this thing or if we head lower on the heels of news of a second reserve cut within China in a year.
Nice pin bar on daily (weekly engulfing here) after buyers came in off the 618 pullback off the low. Looking for kc to make a move here towards tp 1, watch for pullback to enter long.
In Q2 2021, the company generated CNY 2.2 billion in revenue, with a year-on-year increase of 41.6%.
According to Kingsoft Cloud's Q2 2021 financial announcement:
- Revenue rose by 41.6%, reaching CNY 2.2 billion.
- Gross profit hit CNY 119 million, representing a 46.8% growth.
- The gross profit margin was 5.5%, compared with 5.3% in the same period of...
China's cloud computing industry is still gradually developing, which implies infinite opportunities. When it comes to SaaS, the potential is even larger. This article is an overview of the country's cloud computing industry featuring the key players in the market, including Kingdee, Kingsoft, Youzan and Weimob.
Server device
In China, public cloud services have...
Very defined downtrend here and I still think any pop back into the 20d is a nice spot to look for weakness. If that level doesn’t hold, the same idea can be revisited at the 50d. Both moving averages also have pivots in the same area for added confluence.
Total revenues were RMB1,728.8 million (US$1254.6 million) in the third quarter of 2020, representing an increase of 72.6% year-over-year.
Revenues from public cloud services were RMB1,309.7 million (US$192.9 million), representing an increase of 48.1% from RMB884.5 million in the same period of 2019.
Revenues from enterprise cloud services were RMB409.1 million...
Strong momentum trending upwards. Great entry for long calls on margin. I would only use margin. Its a sure trade.
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The young paper, after the IPO, consistently forms growth patterns, was initially formed by the H&P, after working out the goal of this H&S, it went into the formation of a flat channel, where it also formed an extended H&S channel in the left shoulder, after which it broke this channel upward and is now in the stage of retesting the resistance level , turning it...
The China Data Center Market was valued at USD 13.01 billion in 2019, and it is expected to reach a value of USD 36.18 billion by 2025, while registering a CAGR of 19.2% during the period of 2020-2025.
Kingsoft positions itself as the independent anti-BAT (Baba and Tencents). It is okay to be number three as long as this commands a critical mass of demand: after...
