1. Double bottom on weekly TF 2. Retest with low volume 3. Potential for filling the gap at $33 - $26 at Fib 0.236 retracement 80% increase. 4. Wait for a confirmation of the test of double bottom 5. I will watch closely how China government will deal with China Evergrande Group probable default. 6. SL is below $14.5. 7. RSI 20-30
The PEAD projected a Bearish outlook for $BEKE after a Positive Under reaction following its earnings release placing the stock in drift A.
Based on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $BEKE breaches today's low of $13.24 during tomorrow's session.
BEKE, KE Holdings, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China is bullish after the chinese government pledged to support markets 80.75Bil revenue in 2021. 52 Week Range 7.31 - 61.39 I see a reversal to $20.50 short term.
BEKE - LONG, WEEKLY CONFIRMATION FORMING, MONTHLY HAMMER FORMATION NOT A FINANCIAL ADVICE. Please do not forget to comment.
Price target for BEKE is $19. 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.
Afternoon all, I'm trying to get into trading and would love some opinions. I have been looking at the daily chart for $BEKE and believe we could be looking at a descending triangle (in Orange) for a potential short position. Guess I would be looking for a breakout to the downside, either below the pattern support zone (orange) or potentially the LL (in Pink)....
I was meditating on the container ship issue. The root issue is China does not need raw materials for construction, because they overbuilt. Theis is due to the evergrande situation, and the collapse of their real estate sector. Their alternative to real-estate was tech, specifically the Digital Yuan. The problem was it was bad, really bad. Instead of making DY...
I have a sine wave line on the chart as well as a few EMAs. BEKE had been using the 50 EMA as resistance for close to 1 yr and now it is waaay below that 50 EMA line. i expect a retest of the 50EMA resistance on a strong volume push and if that breaks, we could see BEKE go as high as $50+. In the meantime, BEKE should retest $29 and on strong volume, push to...
Alarm set for breaking out of 21.8$ (Closing price). On watch: OBV vs MA30 as well. Stop set to 17.8 I do not recommend buying or selling BEKE stocks. Just an Idea,
In a selloff that can predict a new market valuation on Chinese stocks, ARK Invest sold all its 9 139 000 shares of BEKE. Looking at its financials, BEKE is not a bad stock to own at at price lower than its IPO. The company had revenue increase year over year in the last 4 years, but only in 2020 went profitable with 2.78Bil Earnings. They also have a decent PE...
there is a descending triangle on daily timeframe, also shows increasing from average volume... fundamental of company's shows pullback to 50$ is more probable scenario just in few days... I'm gonna update this chart in few days...
Looking to add more shares in the 48.5-49.5 range
Watching PRZ zone for price action to get long, will update when we get to trigger to monitor price action.
Unlike many other of my recommendations, the price action of NYSE:BEKE is not as strong. It does not present any wedges, it also does not set an key support with high vol transaction, however there are a few observations which I really like about this stock: 1. Its trend line (10-20-50MA) have been consolidating around $64-65 price range for almost a month 2....
$BEKE Nice setup ready to go TP1: 102 TP2: 114
Symmetrical triangle trend lines are not the most convincing but breakout confirmed today. If the pattern is valid, expect further upside