Hello, We identified a strong Buy Signal on China Construction Bank stock in the weekly chart for a target of 5.33 within a few weeks, Ibrouri
There is not much to say. Neither the indicators nor the chart picture indicate an immediate rise. And the monthly chart gives an impression of a complete loser from the very beginning. The purchase of the development branch from DiDi in 2023 gave only a glimpse of hope. But Xiaopeng is not a loser. The sales of cars are exploding. If there was a hype I would...
HKEX:700 after years of down trend it is showing some sign of trend bottoming. Mainly supported by company share-buyback in the past few weeks. While selling pressure from the market is not strong to pull the price lower after each selling. This is indicating that the selling pressure is weak. Which supports the kick start of a bullish trend. In short term,...
A few positive things did happen for Alibaba. The removal of Daniel Zhang and being replaced by Joseph Tsai. So far, I like what Jospeh has done for the company, making it leaner and removing excess fats that are stalling its growth. They have also started to declare dividends and shares purchase buyback, boosting investors confidence. We have seen the share...
The reason I like this ETF is the exposure to the HK Tech sectors , some companies I like but may not like enough to initiate a position in them. It's share price has been hovering at the 5.77 to the 8 dollar mark , a little boring and definitely in no time to accumulate. Refer to the list of Holdings
I am not so concerned about its property exposure since all big local banks in China have loans with the property developers. It is negligible at 1 over % compared to its insurance, tech, etc businesses. As a corporate, while its dividend of 8.8% may seems attractive, there will be a capital withholding tax of 17% compared to 8% net from LINK REITS. Of course...
A whopping 77% drop from the peak of 35.85 to a low of 8.50 in Oct 2022. It broke the first resistance at 14.26 and is now approaching the 2nd one at 16.88. If it breaks above with a bullish signal, I will add more slowly. It's launch of the Electric vehicle will give the likes of Tesla, BYD, Xpeng, NIO, etc a good run of their money. While the others are...
After falling from the peak at 416 on Jan 2023 to a low of 260, it has since recovered by more than 10%. We can see the price level has broke out of the descending wedge and an important support at 295.80 must hold else it will falls back into the channel. I will be monitoring closely before adding more..... Please DYODD
First thing first, I am not buying , yet. I will watch it over the next few weeks to see if the price rebounds strongly from the support at 344 -350 level. There is a possibility that it may continue to head south to revisit the next support at 289.80. Remember the F&B business in China faces a lot of competition with new restaurants and menu being served up or...
Interesting move initiated, the price is back on the demand zone which took the liquidity on the left side and initiated a huge break of structure and bullish movement, we can see that the price retraced in a structured way reacted on the zone with an internal break of structure upside which is for me the sign of a bullish trend initiation targeting 416.
The Hang Seng Index, with everything measured in Hong Kong Dollars rather than US Dollars, offers a distinct perspective within our analysis portfolio, focusing on the Hang Seng Index Futures contract. Starting with a weekly chart overview, we've identified that the initial cycle likely concluded in 2008, followed by a flat correction. Notably, the correction for...
Build Your Dreams (BYD): HKEX:285 After closely examining the Chinese electric vehicle manufacturer BYD, we've concluded that there is a very appealing and interesting opportunity to start building positions. We are currently in an overarching Wave III. Wave II concluded at the low of 13.20 HKD, and the all-time high is currently at 63.10 HKD. We are now...
Xiaomi shares recently attempted to break above the HK$16.98 resistance level. This level should still be breached as part of the turquoise wave 3. However, we think it is 30% likely that the price is more likely to form a deeper beige wave alt. II.
For Tencent Holdings, we currently believe we are in an overarching Wave III, which should be created with a 5-wave structure upwards. This should naturally extend far beyond the Wave I level at the all-time high of 715 HKD. We anticipate a rise to at least 1338 HKD for this overarching Wave III. Wave II concluded at 188.6 HKD. Zooming in, we see that we are...
For another interesting Chinese stock, we're looking at the mobile phone manufacturer Xiaomi, trading on the Hong Kong Exchange. Hence, we're dealing with the Hong Kong Dollar, not the US Dollar. Overarchingly, we are also in a Wave III here. Wave II concluded its correction with a double bottom at HK$8.28. This chart adheres well to the Elliott Wave structure,...
Putting emotions aside about how unhappy, disappointed and frustrated with the China stocks, some people I spoke to are thinking to scoop more once the price reaches the support level. Just because it has rebounded on previous support level does not necessarily means it will do so in the future. It is possible, plausible and probable that it might falls through...
Drawing the 2 bearish trend lines, we can see that this stock is soon to break out soon. 2 Options - await pullback and go long OR wait for it to break the main bearish trend line around 15 dollars before going LONG. This approach is more conservative and less risk taking but the downside is buying at slightly higher price. Please DYODD
We can see a similar pattern for Alibaba and Tencent shares in the daily chart. Both are in a consolidation stage and the resistance is hampering the price action to rally further. I am watching closely this level and any breakup with a bullish signal could be a potential trend reversal to the bullish side. Patience