I have been using Strangles in NYSE:BEKE for the last weeks, strikes 15/16 with expiration every friday, made a whole bunch of money, price is usually around that channel. If price ends up outside the channel just rollover.
In recent years we saw stresses in the Chinese real estate market related to their debt. The Chinese government has been handling it early for years by slowly deflating its real estate bubble. Despite the media narrative, on a financial and technical aspect, the Chinese real estate market is looking promising.
I have a bullish outlook on NYSE:BEKE as it recently crossed both the 20 and 50 Moving Averages. Last Friday, it successfully defended these levels and closed near a crucial support level. With the current price around $17, I anticipate that the stock has the potential to reach approximately $18-19. Exciting times are ahead for $BEKE!
If you haven`t sold BEKE here:
And bought it back here:
Now Analyzing the options chain of BEKE KE Holdings prior to the earnings report this week,
I would consider purchasing the 17.50usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $3.20
If these options prove to be profitable prior to the earnings release, I would...
currently held below extreme resistance and trendline resistance, cluster resistance is most dangerous area to long, so be careful!
explosive long trigger 22.07/short trigger is break of local trend support and 16.82
Building below 200 DMA at 16.75 and above mid BB on 3D chart.
Holding the moving averages next few days could push this to 19.29
Break below will retest the ATL.
Takeaway: Watch closely for the break above 19.29 for a shot at 25.
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.
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 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...
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...
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 $14.5.
7. RSI 20-30
Alarm set for breaking out of 21.8$ (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...
