So much for Chinese growth. Lost 42% of it's value since it's IPO day on 20 June 2020. Bought this in August 2023 with a channel break. This hasn't broken back into the channel again, but just a damp squib investment. Going nowhere slowly right now.
I have been watching this one consolidate all year and finally got a buy signal yesterday. Added some yesterday and will continue to add today. Targets are 4618 and 5200. China remains a difficult market to track due to intermittent Chinese regulation and government interference creating negative publicity and resulting in uncertainty and perceived risk for...
Looks like it could be building a bull flag Wait for confirmation on the break Possible target if the bull flag is confirmed R52
JSE:STXCHN has my attention. Chinese internet stocks look positive at the moment. Currently at an attractive risk/reward area.
The satrix msci china etf is an etf that follows stocks on the China stock market. It was taking a bear move for some time but looks as if it wants to break the channel/flag in a bullish direction.red line is my target. Please like and follow me for more stock picks
Alibaba.. Tencent.. your recovery starts now
Weekly and daily stochastics heavily oversold. Price action fell back to a strong support, which gives a good place to enter trade. i Can not see Chinas economy doing bad any time soon.
resistance tested for the second time.. consolidion throughout the monthly graph
Stochastics oversold. Bottom of slightly ascending channel. China has one of the few growing economies, and the news regarding the ANT IPO surely to improve. I am buying at 56.44, stop at 54.99 and targeting 60.05
Not going to make any calls on one candle...