HMTD trade ideas
LONG 3690 (MEITUAN)Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
meituan dianpin flying to the moonI bought this stock from May to September, making profits along the way but adjusted trailing SL too tight and was taken out. Since then, I have not been able to participate on the rising uptrend.
In retrospect, looking at the chart now, I see much clearer my mistakes for not getting in again as each pullback was an opportunity. Thus, opportunity costs is high and one has to buy a much higher price to buy and hope that it gets even higher. But because it is a new IPO stock, it is relatively hard to know how high it can go forward since there is no historical price action to based on.
Food is something very close to the heart of Chinese consumers. It is no longer just a functional need but a social need as well. With rising income, people are able to afford better food and prices at restaurants and there exists a need to compare and provide reviews online on which restaurant to choose from. It serves the needs of busy nomads especially those in the Tier 1 and 2 cities where life is more hectic and time is of essence.
The fact that all this information can be searched and performed online via a mobile phone in China makes it even easier for the Chinese consumers to use. Imagine having great food , great company and at a discount , what is there not to like ? It is a win -win for the merchants, customers and the company as well.
For those who are new to this counter, read it here :
en.wikipedia.org
It is the western version of Groupon and Tripadvisor combined.
I am monitoring closely for the price to fall further before scooping to buy again. It looks a
toppish for now with weaker buyers strength. Don't forget to put this in your watch list
GOOD LONG OPPORTUNITY 4H-1DFUNDUMENTALS:Company with very good potential especially with longer goals.
general uptrend riding the 50 EMA and occusional touch on the 100EMA.
TECHNICALS:
1.Mirror level at 100$
2.Double bottom maybe triple forming
3.Stochasticks at low levels and oversold at 4h
4.Maybe a bullish doji on 4h? not confident about it though
Wait for tomorrow open to see price action aim fot open at 100-101 area and tp 107 area (latest top) .possible to go beyond that but
it will not take. SL at 98 depending on open
Have a good trading evening.
Meituan looking goodThe Average Volume of this 2 Green Candle is sort of weak, monitor 1 more trading day to confirm further upside
Beware of potential MACD crossing down.
RSI & smart money index is showing strength and more buying interest
SL can set below 97.5
Price action for this counter always shows strong support & rebound on EMA20
Trading idea, you can buy based on breakout 107.5 and retest it to confirm support or buy it on next trading day and have a Hard Stop Lost below 97.50
Fintech firms to keep an eye onFintech firms to keep an eye on: innovations including mobile payments, digital wallets, peer-to-peer lending, blockchain technology, and risk transformation
EVENTBRITE INC, NYSE:
Eventbrite, Inc. operates a ticketing and event technology platform in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, increase reach, and drive ticket sales.
LINE CORP, TSE:
LINE Corporation provides a platform for mobile messaging and communication services, content distribution, and life and financial services primarily in Japan, Taiwan, Thailand, and Indonesia. It operates through two segments, Core Business and Strategic Business. The company offers LINE, a cross-platform messenger application that enables users to communicate through free instant messaging, stickers, and voice and video calls, as well as serves as a smart portal to its other applications and services.
SBI HOLDINGS INC, TSE:
SBI Holdings, Inc. engages in the online financial service businesses and investment activities in Japan and internationally. It operates through Financial Services Business, Asset Management Business, and Biotechnology-Related Business segments. The Financial Services Business segment offers financial products and services, including brokerage and investment banking; Internet banking; auto, cancer, fire, and earthquake, as well as life insurance; short term insurance; FX brokerage; exchange and transaction services related to crypto-assets; management of defined-contribution pension, etc.; leasing and lending services; operation of proprietary trading system; control and operation of the e-commerce settlement business; and remittance and back office support services.
LINE CORP, TSE:
LINE Corporation provides a platform for mobile messaging and communication services, content distribution, and life and financial services primarily in Japan, Taiwan, Thailand, and Indonesia. It operates through two segments, Core Business and Strategic Business. The company offers LINE, a cross-platform messenger application that enables users to communicate through free instant messaging, stickers, and voice and video calls, as well as serves as a smart portal to its other applications and services. It also provides communication products, including LINE Stickers and themes; and contents, such as LINE Games, LINE PLAY, LINE Manga, LINE Music, and LINE Fortune.
ZILLOW GROUP INCE, NASDAQ:
Zillow Group, Inc. operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
PINTEREST INC, NYSE:
Pinterest, Inc. provides a visual discovery engine that helps users to discover ideas for various projects and interests worldwide. Its platform allows users to discover ideas for daily activities, remodelling a house or training for a marathon, ongoing passions, and planning a wedding or a dream vacation. The company's platform show visual recommendations called Pins, based on user personal taste and interests.
TRENDERS INC, TSE:
Trenders, Inc. develops and provides marketing solutions to various industries in Japan. It engages in the influencer and media network, micro marketing panel, and advertising management businesses. Trenders, Inc. was founded in 2000 and is based in Tokyo, Japan
RAKUTEN INC:
Rakuten, Inc. operates as an Internet service provider in Japan, the Americas, Europe, and internationally. The company operates in two segments, Internet Services and FinTech. The Internet Services segment operates various e-commerce sites, including Rakuten Books, an online book store; Rakuten Travel, an Internet travel site; Rakuten GORA, which provides online golf course reservation services; Rakuten Mobile that offers mobile virtual network operator services; and Ebates, an online cash back site, as well as engages in the business for sales of advertising on these sites.
MEITUAN DIAPING:
Meituan Dianping, an investment holding company, provides an e-commerce platform that uses technology to connect consumers and merchants. It operates through Food Delivery; In-store, Hotel & Travel; and New Initiatives and Others segments. The Food Delivery segment offers food ordering and delivery service through its platform. The In-Store, Hotel & Travel segment enables merchants to sell vouchers, coupons, tickets, and reservations through the company's platform.
MPNGF. chinese tech king. LONG. swing tradegreat fundamentals. good graph.
looks good to me.
buy $8.9 - $9.5
target $12 - 13 - $18
elliot wave technique analysis
