Bitcoin is in dangerBitcoin faces a lot of regulatory pressure. And at am increasing rate environment, it is not favourable for digital assst. Shortby Kelvin_NamCheong0
short position on 000002My strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maketShortby batchangoyves2021
China Vanke is expected to trade will the rangeAfter a big collapse in share price this summer, China Vanke get its feets and stablize in share prices. It is not expected to rise rapidly. Rather than that, it will move within the Bollignet Bands. It needs some time to establsih an upward trend.Longby Kelvin_NamCheong1
Chinese Property Equities Bubble Crash?Well, it has already popped. Evergrande is down 90%+ and Country Garden is almost down 60% from 2018 highs and testing 7.36 support. A simple 1:1 extension of the 2018 drop would mean sub-14HKD prices are not too far away... watch for a break of local support at 19.20 for another 30% drop.Shortby flyinkiwi10Updated 111
Has the China property sector bottom out ?If the price action in the chart reflects correctly, then this could be the bottom for the China property sector. The peak happened a year ago in March 2021 where the price was highest at 34.56. The past weeks candles tell me there is a tug of war between the buyers and sellers. $22 seems to be a pretty strong resistance so we need to break above that for a convincing recovery bull rally for the property sector. Longby dchua1969Updated 2
Want to buy a property in China ?In a big country like China, it is incorrect to say property market is up or down in any single year. Due to its large population, when highly dense cities like Beijing , Shanghai and Guangzhou (Tier 1 cities) are suffering from loss of sales, rental, etc, other smaller cities , especially those in Tier 3 -4 can be booming. Now, we may have an opportunity to long a great Property developer in China; China Vanke. After hitting a high of 34.75 in early Jan this year, it has retreated by 8.5% to current price level of 32. It may bounce from here or revisit the next support at 30.30 before heading up. We will be watching this counter closely.Longby dchua1969Updated 114
China Vanke: Key price to monitor ($25)HKEX:2202 China Vanke has been in a downtrend since January 2018, peaked at $42.40 on 16 January 2018. Recent gapped up 13 September 2018, with current support at $25.00. Looking at the triangle, the point coincides with the support at $25.00 which then becomes our decision point for Long or Short. Assuming it is moving up, using Fibonacci 23.6% gets us to $27.00 which also coincides with our recent resistance level. Monitor the key level and then decide. by curious_venture2