Strangles with $BEKEI 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.
BEKE
BEKE KE Holdings Options Ahead of EarningsIf 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 sell at least half of them.
Looking forward to read your opinion about it.
$KE - BUilding nicely below 200DMA
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.
BEKE reversal momentumBEKE, 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 Price TargetPrice 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.
$BEKE Descending TriangleAfternoon 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).
Not sure what take profit target would be or the potential effects of earnings, suppose you would use a risk-reward target?
Reservations on the trade would be the lack of correlation/support from other major indicators such as MACD/RSI/EMA.
BEKE Breakout projectionI 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 $38+
let me know your thoughts on this as well.
:)
China BigTech - KWEB ETF☝ KWEB - ETF of Chinese tech giants. It is traded on ARCA, but managed by a Chinese bank, so there is no threat of delisting.
Price is at the bottom of the channel. Most likely it will be a bottom and there will be a reversal up at least 50% towards the resistance line of $70 by February 2022. The upcoming bullish reversal is confirmed by the MACD-histogram, which is already in a bullish divergence.
However, in February 2021, there was a 19.83% move up from the channel. Such a pull-out can be repeated down to the $40 support line.
Not a financial recommendation.
GET RICH OR DIE TRYIN
BEKE KE Holdings. ARK sold all its 9Mil sharesIn 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 Ratio (TTM) : 39.71
The question is: would you buy now what ARK sold for a loss??
Even Buffett was wrong when he sold Delta Airlines or Icahn about Hertz!
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!
Another Ark Invest spotlight : BEKE - Shall we get in now?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. It has gradually built a swing trade range with a very narrow 15% range
3. And most importantly Ark Invest has been buy HARD since Oct, and has been buying almost every single day thereafter. Looking at the position document of Ark Invest, they have been accumulating around 8M of NYSE:BEKE across ARKK/ARKW/ARKF. You can see the upper chart for a detail record of Ark's buying since Oct.
I believe we are just waiting for any catalyst to to come up to propel BEKE stock to the next support level. I typically would set my cut loss within 8%. However, with the strong buy signal from Ark Invest, I am going to start building a position on BEKE at around $67 range, and set my stop loss at $58. But I plan to hold strong on BEKE for at least 3 months until before its next earning release in April.
