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JD | Strong Base for Launch Higher | LONGJD.com, Inc. is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services. The JD Logistics segment includes internal and external logistics businesses. The New Businesses segment is composed of JD Property, Jingxi, overseas businesses and technology initiatives. The company was founded on June 18, 1998 by Qiang Dong Liu and is headquartered in Beijing, China.
NASDAQ:JDLong
by DivergenceSeeker
2
META: TikTok-Induced Correction Afoot It looks like NASDAQ:META has found a meaningful top as more technical signals agree a short setup has formed. Three significant trendlines have been broken, and today a significant fib retracement level was neatly rejected as TikTok drama continues its inevitable path of escalation. It's tempting to immediately target the gap below, but there is a POC on the 4H that is perfectly confluent with the .786 fib retracement level that I would expect to act as a strong support level temporarily. Technicals aside, META will certainly get caught in crossfire of some sort from further regulation of social media. Social media companies will likely struggle in sympathy as the situation continues maturing. With an extraordinarily overheated macro backdrop, and an incredibly delicate geopolitical landscape, NASDAQ:META is liable to be put under additional pressure on its decline.
NASDAQ:METAShort
by LamboSoup
1
Chinese Asset Managers Ready to Adopt Spot Bitcoin ETF Bad news for investors hoping the Federal Reserve will cut interest rates aggressively: The CPI jumped 3.5% in March year-over-year, an increase from February's 3.2% YOY jump and above expectations of 3.4%. Bitcoin (BTC) initially dipped below $67,500 after the CPI release, before clawing back losses to end the day positive and appearing ready to retest the $70K level again. BTC price see-saws as halving event approaches: BTC price action remains choppy as we approach the Bitcoin halving, which is estimated to take place April 20th. Some investors believe there is too much optimism priced into Bitcoin, and we could see a correction in the days before and after the halving. Chinese asset managers ready to adopt spot BTC ETFs: Spot BTC ETFs are likely set to launch in Hong Kong later this month, with the first approvals potentially coming as early as next week. Among the applicants are some of China's largest asset managers. These will mark the first spot BTC ETFs in Asia. DeFi crypto company says SEC is suing them: Uniswap Labs said in a blog post Wednesday that the SEC has notified them it will pursue legal action against the company. Uniswap is a DeFi platform that allows users to trade cryptocurrencies peer-to-peer without a centralized exchange. TON Price Surges After Distribution Announcement: Toncoin (TON) broke into the top 10 cryptos by market cap this week for the first time after reaching a new all-time high above $7. The surge comes on the heels of a big announcement from the Ton Society, a group of engineers and developers dedicated to growing the TON network. ⏳ Topic of the Week: What happens after the Bitcoin halving? 👉 Read more here
GEMINI:BTCUSD
by Gemini
Will Copper Shine Brighter than Gold?Intricate dance between gold and copper prices is a tale beyond mere metals. It reflects global economic sentiments, industrial demand, geopolitical angst, and investment trends. Gazing into the crystal ball to decipher the future of the gold to copper ratio, a fascinating narrative unfolds, particularly highlighting copper's brighter prospects. Copper is displaying record futures premium unseen since 1994 fueled by supply side concerns. Beacon of positive economic data from China, is helping Copper shine brighter than Gold. This paper delves into the forces propelling copper and illustrates how portfolio managers can use the gold-to-copper ratio to gain risk reduced exposure to copper’s ascent. COPPER SUPPLY IS FACING PLENTLY OF HEADWINDS Mined copper and Refined copper are facing potential supply disruptions. Copper miners have benefited from the growth in supply over the past year. Australian mining giants reported higher annual copper production (BHP up 7% and Rio Tinto up 3%). Both benefited from a higher realized price. Copper mining costs for Australian miners were higher due to outages. While copper operations have done well, other commodities have not. Iron Ore, Aluminum, Platinum Group Metals, and Nickel prices are performing poorly. This has negatively impacted performance of mining majors. BHP profit was flat while Rio Tinto was down 9%. It is likely that miners will start scaling down production to boost profitability. Some have already started. For instance, Anglo American announced that it would lower its copper production guidance by 20% to 730k-790k tonnes. Mine outages are another source of concern. Macquarie Bank highlighted that disruptions remain elevated resulting in supply deficit of 700k tonnes in 2024. Copper shortage risks exacerbating the ongoing raw material shortage at refiners. Chinese copper smelters announced a rare joint production cut last month due to shortage of ore. Consequently, Chinese copper spot treatment charges (measure of refiner profits) plunged 75% in merely two months. Recent guidance from BHP (+7%) and Rio Tinto (+11%) point to a sharp increase in copper production signaling strong demand. Rio Tinto’s own smelter projects are coming back online this year, and its guidance suggests refined copper production will surge 40%. This will exacerbate ongoing raw ore shortage. COPPER FUTURES PREMIUM SURGES TO HIGHEST SINCE 1994 Potential supply disruptions are evident in the market. The contango for copper futures on CME Group is sharply steeper signaling even higher prices in the future. Source: CME QuikStrike Front-month futures are trading sharply higher than the spot price. According to Bloomberg, the gap between LME copper 3-month forward and cash market is at its highest since 1994. Copper prices are clearly sensitive to supply side shocks. CHINA’S RECOVERING ECONOMY SUPPORTS COPPER DEMAND Copper prices are shining bright. Supply constraint is not the only reason. Demand outlook is promising. Chinese economy has started to build up pace. Outlook however remains uncertain. Copper is overwhelmingly impacted by industrial and manufacturing activity and growth. Caixin’s China manufacturing PMI surged from 50.9 to 51.1 in March. It marked the fifth consecutive month of manufacturing expansion which augurs well for copper demand. However, demand side headwinds remain. Besides manufacturing, housing is a key sector driving copper consumption. Housing construction consumes copper for wiring and piping. Persistent housing slowdown will drag down copper demand. TECHNICAL SIGNALS POINT TO BULLISH COPPER COPPER GOLD Both copper and gold exhibit strong bullishness. Technical signals for copper are marginally greater than those for gold. Copper shows stronger positive momentum according to RSI while Gold’s momentum is fading. Gold also faces resistance at its R1 pivot point while copper has found support at its R1 pivot point. OPTIONS MARKET BODE WELL FOR COPPER RELATIVE TO GOLD Positioning on CME options market signals that both copper and gold have a bullish outlook. However, copper’s put/call ratio is lower, indicating a more bullish sentiment. Unlike gold, copper has seen a buildup of bullish positioning over the past week too. COPPER CME copper options have a put call ratio of 0.44 as of 4/April. Source: CME QuikStrike Changes to open interest have been bullish with a larger growth in calls relative to puts over the past week. GOLD CME gold options have a put call ratio of 0.72 as of 4/April. Source: CME QuikStrike Puts open interest has been on the rise, especially in near-term contracts over the past week. COMMITMENT OF TRADERS ALSO FAVOR COPPER OVER GOLD COPPER Asset managers have switched from net short to net long positioning over the past month in CME copper derivatives. However, the most recent report shows short positioning being built up sharply. GOLD Asset managers built up a large net long position beginning March in COMEX Gold. Since then, positioning has since remained unchanged at net long. Asset managers have also been consistently scaling back short positions over the last month. HYPOTHETICAL TRADE SETUP Copper is faced with the potential of worsening supply disruptions. Supply of raw ore for refiners is already disrupted, forcing them to become unprofitable. This situation is likely to worsen as Rio Tinto’s smelting plants come online through the year consuming even more raw ore. Supply of ore is also being cut by miners as they face unprofitable conditions. Supply of ore is also rising. Australian miners stated that production is expected to rise this year. Supply may become resilient if refiner’s scale back production. Demand favors copper with consistent economic recovery in Chinese manufacturing. Housing remains a headwind creating downside risk to demand. Copper prices are high and so is uncertainty on the path ahead. Prices are up 10% YTD as of 4/April. As such, a straightforward long position is risky. Demand at present is not higher, as suggested by the spot discount. In case the disruptions do not materialize, prices could pull back sharply. Alternative to an outright position in copper is the Gold-Copper ratio which exhibits strong mean reversion. The ratio is also elevated right now, owing to the massive rally in gold prices through 2024. Gold is trading near its all-time high, which is limiting demand and further price appreciation. Contrastingly, copper is still far from its highs of 2022. Expecting copper outperformance, a short position in the gold-copper spread can be used to gain exposure to copper’s tailwinds with lower risk. The following hypothetical trade setup comprises of a long position in CME Micro Copper Futures and a short position in CME Micro Gold futures. The position requires two contracts of Micro Copper for each contract of Micro Gold to balance the notional values. Each Micro gold contract provides exposure to 10 troy ounces of gold (representing a notional value of ~USD 23k. Each Micro copper contract provides exposure to 2500 pounds of copper (representing a notional value of ~USD 10.6k). • Entry: 558 • Target: 531 • Stop Loss: 567 • Profit at Target: USD 1,402 • Loss at Stop: USD 333 • Reward-Risk: 4.2x MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
COMEX:GC1!Short
by mintdotfinance
Alibaba: Optimism and Path to Recovery🔄Alibaba #BABA NYSE:BABA Alibaba's journey continues to be a roller coaster ride of highs and lows. Since our initial entry, we've navigated through Waves (v), (2), and Y. We acknowledge that a dip below this level would challenge our perspective, potentially signaling further downturns. Therefore, we've implemented a stop-loss just below this critical point. Should Wave (2) represent the market bottom as we anticipate, we're positioned for a significant upward surge. However, this trajectory is contingent upon the response of the Chinese market to economic conditions and the implementation of government support initiatives. If these measures come to fruition, we foresee substantial gains ahead. However, surpassing the $77.77 threshold remains a crucial milestone; meaningful progress is not expected until this level is breached. Despite the significant percentage increase required to reach our targets, we maintain an optimistic outlook, viewing this as a long-term trade opportunity within a multi-year perspective.
NYSE:BABALong
by freeguy_by_wmc
7
BYD: Engine Breakdown 🚘We consider the recent setback merely as part of the substructure of the magenta wave (1). This wave should lead to a sustained rise above the resistance line at HK$280.60. However, our 30% probable alternative scenario should also be noted. This would attest to the corrective nature of the upward movement that has been underway since February. Although the price should continue above HK$280.60 in this case, a significant sell-off should then set in, which would take the price to complete the green wave alt. below the support at HK$161.70.
HKEX:1211Long
by MarketIntel
CONFLUX --- CON your way into Wealth"What is Conflux? Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion.... As the only regulatory-compliant public blockchain in CHINA, Conflux provides a unique advantage for building projects and expanding into Asia. Conflux has collaborated with global brands and government entities in the region on blockchain and metaverse initiatives, including the city of Shanghai, McDonald's China, and Oreos." ----- CHINESE blockchain... Always a good narrative Can it a FDV of 46 Billion? We shall see Major inverse head and shoulders Theres also a mini one right now!
CRYPTO:CFXUSDLong
by BallaJi
3
Wuxi Biologics (2269): Incredible long-term opportunity! Wuxi Biologics (2269): HKEX:2269 Wuxi Biologics, a Chinese biotech research company listed on the Hong Kong Stock Exchange, presents a complex investment scenario. It's crucial to note we're dealing with the Hong Kong Dollar, not the US dollar. The comprehensive analysis on the weekly chart suggests that since June 2021, the company has been undergoing a correction defense scenario. This downturn has been so pronounced that the stock might need to reach its origin point at 8.56 HKD to complete the correction cycle of Wave 2 through Wave (Y) in blue. This process is expected to involve an initial surge followed by a downturn. While there's potential for early position building, the decision to do so carries its uncertainties, given regulatory concerns and the stock's unpredictable future. Our strategy is to remain patient, observing how events unfold. Even with a 30% stop-loss threshold, which practically doesn't apply given the upside, we anticipate a minimum 2600% movement for Wave III in red, with the potential to reach an extraordinary 6000% at maximum. Such figures outline the vast upward trajectory expected, not just through Wave 3 but also with an ensuing Wave V. Therefore, we are comfortable waiting and watching for the right entry point. Even if we decide to enter the market at a later stage, we expect that Wuxi Biologics will still offer significant opportunities.
HKEX:2269Long
by freeguy_by_wmc
NIO (NIO): Downward Journey and the Glimmer of Long-Term HopeNIO (NIO): NYSE:NIO NIO has recently slipped below the $7 mark, signaling a possible continuation of its significant downward trajectory. After peaking at $66.99, NIO has been on a prolonged decline that shows no immediate signs of concluding. While the descent is expected to persist, it's critical that the price stays above the $1.19 threshold to maintain a bullish outlook for NIO's future, preventing a drastic plummet towards zero—a scenario that seems less likely given the limited downside left. Within this framework, we're observing the development of Wave (C) emerging from Wave (B), structured as a five-wave decline aiming lower. Notably, Wave 3 touched the 161.8% extension at $8.84, succeeded by Wave 4. We're now bracing for Wave 5, which might approach the $2.13 support zone. Setting a broad stop-loss might seem risky, yet the potential for an upward surge is compelling. If NIO is indeed navigating through an overarching Wave II, poised for a multi-year rebound, it could dramatically exceed its all-time high of $67, hinting at an increase well over 3000%. This optimistic projection aligns with a possible long-term bullish trend following the current decline. Currently, it's too early to pinpoint exact entry points, given the substantial risk of further drops. Attempting to do so now would be akin to catching a falling knife without adequate support nearby. Patience and vigilant monitoring are crucial at this juncture to avoid premature entries. Once signs of market stabilization or a trend reversal become apparent, we can then identify strategic entry points to capitalize on NIO's potential long-term growth. This cautious approach aims to balance risk management with the prospect of significant returns, awaiting the market's eventual recovery and NIO's ascent.
NYSE:NIOLong
by freeguy_by_wmc
Apple Reaches $490 Million Settlement Over China Sales CommentsApple ( NASDAQ:AAPL ), the tech giant synonymous with innovation and cutting-edge products, finds itself embroiled in a significant legal saga following a $490 million settlement over allegations of shareholder deception. The lawsuit, stemming from Chief Executive Tim Cook's remarks regarding iPhone demand in China, has drawn attention to the complexities of corporate transparency and accountability in the ever-evolving global marketplace. The Genesis of the Lawsuit: At the heart of the controversy lies Apple's unexpected announcement on January 2, 2019, revealing a staggering cut in quarterly revenue forecasts by up to $9 billion. This abrupt disclosure, attributed to escalating U.S.-China trade tensions, sent shockwaves through the market and triggered a swift decline in Apple's share price. Tim Cook's Statements Under Scrutiny: Central to the lawsuit is Chief Executive Tim Cook's remarks during an analyst call on November 1, 2018, where he downplayed concerns about iPhone sales in China. Despite acknowledging sales pressures in other markets, Cook notably excluded China from the list of countries facing challenges. However, subsequent actions, including directives to suppliers to curb production, painted a starkly different picture, raising questions about the accuracy and transparency of Cook's statements. The Legal Battle Unfolds: Following the revelation of diminished iPhone demand and the subsequent plunge in Apple's stock price, shareholders swiftly took action, filing a class-action lawsuit against the tech behemoth. The preliminary settlement, amounting to $490 million, represents a significant milestone in the protracted legal battle, albeit subject to approval by U.S. District Judge Yvonne Gonzalez Rogers. Implications and Fallout: While Apple ($APPL) has denied liability, opting to settle to avoid prolonged litigation, the ramifications of the lawsuit extend far beyond the courtroom. The settlement underscores the importance of corporate transparency and accountability, serving as a cautionary tale for companies navigating the complexities of global markets. The Road Ahead: As Apple ( NASDAQ:AAPL ) navigates the aftermath of the settlement, stakeholders and investors are left pondering the broader implications for corporate governance and investor confidence. The tech giant's meteoric rise since the onset of the lawsuit, with its share price quadrupling and market value exceeding $2.6 trillion, adds another layer of complexity to the narrative.
NASDAQ:AAPL
by DEXWireNews
NIO - What now after loss?NIO hit the first TP of our trade set up and then violently reversed. We had a SL at 6.99 that got triggered and we took a loss for the rest of the position. Although we took a loss, we can see how well our levels were respected, and why a SL at 6.99 was key. As soon as we fell below 6.99 we proceeded to fall another +10%, and now we sit at 6.34. There is no trade set up as of yet, nothing in terms of the technical analysis we preach is suggesting we might reverse. However, this is an idea: I KNOW IT'S NOT A FORMAL HARMONIC. But the fib extensions line up perfectly and 5.8-5.6$ is a massive area of support - as shown below: So our plan is to wait and see what we do, it is possible that we spring back above $7, if that happens we will reassess and potentially open a trade there. The more likely event is that we move around between 6-7 dollars for a bit before reaching our 5.8-5.6 pocket where we could react at the 1.618 extension and bounce to $7 which is already a 22% move and a potential entry. Stay tuned as another opportunity will arise, but it could take a while. BABA is an identical example where we fell below 78 (our stop loss) headed to 70, then back to 78 and now at 69. We stated that we would reconsider if we spring back above 78 (failed) or reach the 60 support (on the way). It's not been the best of markets so far but we will be ready for the next opportunity with an strong mindset.
NYSE:NIO
by SynergyTradingSetups
NetEase: Microsleep 😴The NetEase share price continued to rise last week. Although there was a slump of around 10% last Thursday, the share price recovered quickly. We primarily expect the magenta-colored wave (b) to continue moving upward. Ideally, we expect the high of this corrective rise to be just below the resistance at $134.44. From there, the price should then sell off significantly in order to complete the beige-colored wave II. However, our alternative scenario (33% probability) should not be ignored. It sees the price in the green wave alt.(B) on a break of the resistance at $134.44. Consequently, within this scenario, the price should continue to rise (albeit correctively) before a sharp sell-off.
NASDAQ:NTESLong
by MarketIntel
Could India continue to drive returns for Emerging Markets?India shined as one of the best performing markets globally in 2023 despite high global inflation, rising interest rates, and unstable geopolitics. The Sensex and Nifty, two widely followed benchmarks for the Indian markets, grew 19.57% and 21.11% respectively in US Dollar (USD) terms1. India’s economy displayed strong local retail demand, moderate inflation, stable interest rates and healthy foreign exchange reserves. India also enjoyed relatively healthy relations with most major economies of the world and cautiously navigated the geopolitical conflicts. As we look ahead in 2024, we remain confident that India, driven by a host of macroeconomic factors, is a long-term story and one that could last for years if not decades to come. National elections are due to be held around May 2024. Current Prime Minister Narendra Modi is seeking a historic third term and it is highly likely that the ruling party, Bharatiya Janata Party (BJP), will once again win with a full majority. India benefits from Modi’s pro-business and pro-growth policies and a stable political environment further boosts prospects to realise rapid growth. We analysed the performance of BSE Sensex, one of the widely followed benchmarks of the Indian stock market, pre and post elections. On average, the Indian markets displayed positive performance, delivering over 31% returns over the year leading up to elections, combined with the year after election results. This is despite the global financial crisis of 2008, and the COVID-19 drawdown negatively impacting the performance leading to 2009 elections, and after the 2019 elections respectively. We expect this trend to continue with the likely return of the incumbent government. Of course, should Modi lose, some of the recent gains might reverse. However, that seems highly unlikely, given the state of opposition, as multiple political parties, including some with completely unaligned agendas have joined hands to prevent a third Modi term. This was evident over the five recent elections in which the BJP won by huge majority in three of the largest states with a high proportion of the Lok Sabha (national election) constituencies. Other important factors that investors might want to keep an eye on during the year: 1. Rate cuts – The Federal Reserve’s pace and timing on rate cuts will impact global markets and India is no different. The quicker and higher the cuts, the more the capital expected to be diverted towards equities, and with a strong momentum from the previous year, India might be one of the top picks in the Emerging Markets. 2. Crude oil prices – The Indian economy heavily depends on the import of crude oil. The higher the crude oil prices, the more the stress on India’s foreign current accounts. Drops in crude oil could help India’s economy grow faster and allow more room for spending on growth and infrastructure. India is simultaneously also working to reduce dependency on crude oil by diversifying into ethanol. Over the last few years, ethanol production has increased manifold and there is rising pressure to increase the usage of ethanol-blended fuel to power vehicles. This could potentially save the country much needed cash and help direct it to fuel economic growth and reduce fiscal deficits. 3. China decoupling – India has emerged as one of the most credible contenders to help diversify manufacturing out of China. For example, Apple established a considerable footprint and plans to scale up operations multi-fold; significant investments and subsidies were introduced to attract semiconductor companies from Taiwan; and there are also suggestions that Tesla is looking to enter India with a USD 2 billion investment into a manufacturing facility based in the state of Gujrat. One of the most iconic policies of the current government over the last decade has been ‘Make in India’. The government will be pushing hard to attract more companies to set up manufacturing plants in India and leverage the success of ‘Make in India’ among voters. 4. Geopolitical instability – India has been relatively less impacted by geopolitical conflicts around the globe. India maintained its neutral stance and successfully managed to stand firm despite pressure from the west by importing discounted oil from Russia to ensure its energy security, while at the same time pitched itself as a closer ally to the US to counter the growing China threat. 5. Retail flows – In the recent years, India witnessed increasing participation of retail investors in the stock market. There are 80 million unique investors in the Indian stock markets that invest through the NSE.2 Moreover, the size of mutual fund AUM is around 24% currently compared to 11% a decade ago. The strong retail presence helps add stability to the Indian markets in events of global instability and Foreign Institutional Investor (FII) outflows. Conclusion We strongly believe that India is a multi-decade story, and we are in very early stages of it. India has made tremendous progress in privatising corruption and debt-ridden state-owned companies, with disinvestments fetching USD 50 billion for the government over the last 10 years, out of which close to USD 40 billion was realised from sales of minority stakes, while close to USD 10 billion was realised from strategic transactions in 10 CPSEs – with the most notable being Air India3. This has helped in making companies more accountable to investors and more accessible via the stock market. Sources 1 Source: WisdomTree, Bloomberg. 2 Source: According to recent comments from CEO of National Stock Exchange (NSE) 3 See: Disinvestment fetches over Rs 4.20 lakh cr in 10 years but target to be missed again in FY24, December 2023 This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
NSE:NIFTY
by aneekaguptaWTE
NIO, TEST DUMMIES NEEDED, BUY THE DIP OR LET CRASH?I like the Chinese stocks Nio is one of them There is some downside showing still as far as I can tell It is leading to an old support trend, however, I don't know if that is relevant anymore. I like the potential of buy the dip under $5.4 Subject to change quickly. but right now, bullish on the next decent dip. Drawn in line is what I'm currently seeing as an ideal scenario, do not follow line, instead follow trends and price targets. Line is often inaccurate, but helps me reanalyze my indicators. The lowest number I could see was around 2.8 or 2.9. unlikely, but you never know, completely possible. After 14.9, it can go higher, but a new chart will be needed, and will likely be needed before that point arrives.
NYSE:NIOLong
by nicktussing77
Anta Sports: Final Descent 🛬Anta Sports recently continued to rise after an impulsive downward spike narrowly missed the magenta Target Zone between HK$58.95 and HK$33.60. Thus, it is quite possible that this downward spike has already completed the low of the green wave (2) and that the stock is now marching higher. However, we are not convinced that this is the case, so we believe that the stock will soon pull back, drop below the support level of HK$67.85, and then run into our magenta Target Zone. Once this has been explored, we expect the wave (1) in magenta to lead to strong rallies above the resistance at HK$125.30.
HKEX:2020Long
by MarketIntel