Time To Keep An Eye on ADRsWith China opening up and realizing a zero Covid policy doesn't work we should begin to see the country get itself back on track. In addition, China will be buying millions of barrels from Russia, soon.
I've attached my levels on the Hang Seng Index. Keep an eye on those ADRs BABA, JD, NIIO, etc.
ADRS
SPX: Yes, we have opportunities around!Hello traders and investors! Let’s see how the SPX is doing today!
To the untrained eye, the 1h chart seems erratic and unreadable, but if we look carefully, we’ll see that the movements were all extremely technical.
First, the index dropped to fill the gap (yellow square at 4,198.77), and it found support over there. Now it did an impressive Tweezers Bottom pattern , indicating a possible bottom formation.
The 21 ema is the next resistance it must defeat, and we’ll see if it’ll do it or not in the next few days.
In the daily chart, we have what seems to be a top, but it is not confirmed yet. So far, all we can assume is that the index just did a pullback to the 21 ema, filled a gap in the 1h chart, and now it is just about to resume the bull trend.
The scenario is complex, but I still see a few opportunities around. I already told you guys about some stocks we’ve been trading in the past few months, and I can assure you, every single one of the Brazilian stocks traded in the US that we bought recently is making a huge gain!
I recommended 9 Brazilian stocks to my followers, and 5 of them are giving more than 40% returns so far, and I’ll reveal which ones: PBR, CIG, ABEV, BRFS and ITUB. The worst gave us about 13% gains.
The green circles are the moment when I gave the buy recommendations. When the market looks complex and undefined, we can always find opportunities elsewhere. Now, the BR ADRS look expensive, so the search continues! Yes, we do have some incredible opportunities in the US market, but you must know where to look.
Be careful, and let’s continue the search for more opportunities!
Remember to follow me to keep in touch with my free analyses!
Thank you very much!
SPX: Let's think outside the box!Hello traders and investors! Let’s take a look at how the SPX is doing today! Yes, this is the only index which is about to break a new record high , and that’s incredible, but what if I tell you that we have better options around? In the end of this analysis, I’ll present to you one example of a trade we did, looking at other markets, outside of the radar of most investors. Let’s see.
First, we have another example of a Trap Zone , in the 1h chart. The index is trapped between the resistance at the ATH and the 21 ema, which is going up. This squeezes the price, and eventually, SPX will explode , we just don’t know to which direction.
If it defeats the ATH, it’ll just keep flying, but if it loses the 21 ema, then the 4,180 is the next support. Let’s see the daily chart:
Yes, the index is performing amazingly well! We have a bull trend, and honestly, even if it drops again to the 4k I wouldn’t be surprised. But since March, we are going up roughly 10%. Which is not terrible, but if you know where to look, you may find some very impressive stocks in different markets.
I already told you the potential of some Brazilian ADRs yesterday ( link below ), and I still believe that some ADRs will outperform the US market in the next few weeks/months. Probably we’ll see a retraction soon, but this doesn’t ruin the bullish momentum we have here.
For instance, one of my recommendations was on CIG , which is going up almost 50% since my first call (Mar 5).
This happens because, despite the similar performance seen on SPX and IBOV, we have several undervalued sectors, and we can take advantage of this distortion. I gave several calls on Brazilian ADRs to my group, and all of them are performing insanely well.
Let’s think outside the box, if Warren Buffett likes to invest in other markets, like in Japan and Brazil, why wouldn’t you?
Remember to follow me to keep in touch with my daily studies, and support this idea if you liked it!
Thank you very much!
XPEV: The forgotten Chinese EV PlayI am wary of Chinese ADRs, but I think this technical set up in XPEV is too good to ignore. I love the consolidation since it's peak in November, and I also think it has developed a solid support level the past few weeks at $45.
XPEV is another EV maker, so it has the upside of catching momentum on any news associated with the industry. I am targeting $60/65 as my upside target, while using a $36 stop to minimize my downside