THE MOST Bullish chart you will see today!Is of the Shanghai composite.
A beautiful HVF is nearing pattern triggering,.
Early accumulation is probably warranted!
Isn't now the most bearish FUD, over the Chinese economic miracle you have ever seen in a lifetime.
The chart is telling a different story of consolidation of its extreme growth and continuation of it's remarkable rise.
A quadrupling on the index means some of the underling securities will yield life changing gains.
I haven't done any due diligence on individual names
But an #ETF to keep an eye on is #KWEB
Which is a basket of Chinese internet stocks.
CCP
Top Beaten-Down Chinese Stocks to Buy Right Now
Reasons to buy
Alibaba Group Holding Limited ( NYSE:BABA ) : Leader in the Chinese e-commerce market, strong track record of innovation and growth.
JD.com, Inc. ( NASDAQ:JD ) : Well-established and profitable company with a strong market position, benefiting from the growth of the Chinese e-commerce market
Baidu, Inc.( NASDAQ:BIDU ) : Dominant player in the Chinese search market, strong track record of innovation, expanding into new markets, such as cloud computing and artificial intelligence
BZUN X, Inc. ( NASDAQ:BZUN ) : Rapidly growing company with a strong market position, benefiting from the growth of the Chinese fintech market
I would recommend allocating your funds as follows:
BABA: 40%
JD: 30%
BIDU: 20%
BZUN: 10%
This Chinese portfolio is designed to provide you with exposure to the Chinese stock market while also diversifying your risk. BABA is the largest company in the Chinese e-commerce market and has a strong track record of innovation and growth. JD is another well-established e-commerce company with a strong market position. BIDU is the leading search engine in China and is also expanding into new markets, such as cloud computing and artificial intelligence. BZUN is a rapidly growing fintech company with a strong market position.
I believe that this portfolio is a good investment for the long term. The Chinese economy is growing rapidly and is expected to continue to grow in the years to come. This growth is being driven by a number of factors, including an expanding middle class, rising urbanization, and increasing consumer spending. As the Chinese economy grows, so too will the Chinese stock market.
I recommend you should consider your own individual circumstances and risk tolerance before making any investment decisions.
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SNAP: What's Bad for TikTok is Good for SnapchatAfter the TikTok appearance in Congress I do not think the current administration will have the political capital to do anything but ban TikTok. The proposed deal to have TikTok sold from it's Chinese owner seems unlikely after Beijing declined it and also after the CEO got grilled in Congress and did not offer any answers to ease politicians concern the the CCP can manipulate the content on the app. I expect TikTok to be banned in the US. Snapchat stock has been consolidating around the $10 level for almost a year now. I think a TikTok ban will benefit SNAP big time and be the tailwind it needs to break out.
Alibaba: A Bad Investment with Brilliant TechnicalsThe recent news about Alibaba's "donation" to the CCP agenda machine has sent the $BABA worshipers into full defensive mode. YouTube videos and Seeking Alpha articles on the equity have exploded in popularity and volume. Long term, investing in Chinese equities is a gamble but, if you're on the right side of the trade, you can certainly make a lot of money. This may or may not be the case with Alibaba. Present retail sentiment may likely force the stock upward but I think this will be taken as an opportunity by smart money to sell into strength. The retail money will be left holding a bag of CCP garbage. I'm (cautiously) short.
Waiting for another breakout for CCPIn the low interest rate, post covid environment, ASX:CCP is enjoying the perfect environment to borrow cheap money to buy debt from major finance player.
Looking at the price action, it typically took time to consolidate within a 8-10% range for 2 months and would leverage the next catalyst to breakout. The next level of resistance is just above $34 and look at hitting pre-covid price of $37
CCP is a low risk high reward buy now #asxCredit Corp Group Limited is an Australian debt buyer they buy debts from bank, telco and other commercials ( at a discount of course) and try to collect them back by provide different solutions, such as offering flexibility.
Their stock price has halved due to covid. Its true that people are facing more financial burden during covid and present high risk of defaulting their debt, but defaulting hurts their personal borrow rating for life and its a situation that the debtors would try to pay and avoid.
On the company side, they are also very cautious in buying only good quality debt based on big data. All-in-all both the supply and demand side of this business tends to drive this company into profitability even under the current difficult time.
Technically, the stock has been consolidating within the 2 dollar trading range of 17-19 most of the time. There is a recent trend to break out upward to test the recent high of $20.94. If we look at the steadily up-trending 50days avg @17.62 as cut loss point, the risk-reward ratio is super lucrative to give this stock a very strong buy.
The pre-covid high for CCP is @37.99, and even if we just recover 50% of that loss from now it gives us close to 50% of profit target with only 10% of downsize.
Carefully blaance your ability to travel to see loved ones.BEWARE OF LOUD IMPOSIITIONIONING VOICIES SEEKING TO BNKRUPT WHAT LITTLE YOU DO YOU HAVE LEFT. KEP THE FAITH AND STAY IN YOURT TRADIITIONS AND ART THT HAVE BEEN TIME-TESTED, RATHER THAN GOING INTO THE CITIES FOR "WEALTH" WITH NO PURPOSE
Always maintain a clear head. Do not let the mob tyrannize you. this is History being made.