Why $CLEU stock crashed heavily in February?Reason of the increase in the begining of the february is likely traders in private chats pumping up shares of the stock. Social media talk seems to suggest as much. This has been a growing trend in recent months with Discord groups dedicated to pumping and dumping stocks.
Due to the private nature of Discord groups, it’s hard to pin down where exactly the push into CLEU stock came from. However, once news of the pump spreads to larger social media it typically creates interest in stocks as other investors jump on the bandwagon looking for profits.
finance.yahoo.com
Chinastocks
China's Consumer Discretionary ETFFrom the beginning of 2020, emerging markets, and specially China, had been really outperforming.
The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel.
We have tested the 50sma, which has worked as the lower channel trend line in this system.
Risk-reward-ratio is fantastic as we can a stop below the moving average; with a target around $42.
Top 5 Holdings:
Meituan (10.38%)
Alibaba (7.92%)
NIO (7.42%)
JD (6.98%)
PDD (5.94%)
$RIOT blockchain Stock skyrocketed to new highsBitcoin Blasted Above $50,000 Today, Causing Riot blockchain Stock to Soar as Well
More and more, Bitcoin is becoming accepted by major companies, suggesting it is well on its way to mainstream adoption.
catalysts that are pushing bitcoin price up:
- Mastercard (NYSE:MA) announced that it will allow cryptocurrencies on its payments network before the end of 2021.
- Bank of New York Mellon (NYSE:BK) will also start supporting its clients' Bitcoin needs, according to The Wall Street Journal.
If these truly are the early signs of the so-called phase four of Bitcoin's adoption, then demand could keep growing for Bitcoin throughout 2021.
Demand is growing, and that's why the price of Bitcoin has soared in recent months.
And many investors believe a good way to play this trend is by buying Bitcoin-mining stock like $RIOT blockchain. . Riot blockchain get essentially paid in Bitcoin for providing computing power to the blockchain network. And investors believe revenue and profits will soar with the rising price of Bitcoin.
Moreover, investors are getting excited to see Riot blockchain amping up their computing power (known as their hashrate) because some assume this means the company will be able to mine more tokens.
Riot Blockchain announced it's deploying new equipment over the next week that will take its hashrate to over one exa-hash per second (EH/s). That's quite a lot, and it's an increase of 26% from where it is right now. But investors shouldn't assume that means the company will mine 26% more Bitcoin.
Why $BRQS Skyrocketed in 2021Why $BRQS Skyrocketed in 2021
There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media.
$BRQS shares were buoyed — thanks to discussions and speculation on Twitter and Twitter hashtags at the start of the month..
Chinese 5G/Ev/blockchain
Just before Christmas last year, the company announced that it would be reducing its debt by $18 million and eliminating institutional loans.
Also in December 2020, the company signed an agreement to build a 5G industrial park in China.
The other positive factor for the $BRQS is the surging price of bitcoin-blockchain technology.
investorplace.com
twitter.com
NIO MAY BE BREAKING OUT OF FLAG PATTERNKeeping an eye on NIO today. I have a position but if it breaks out of this Symmetrical Triangle to the upside with confirmed volume, I will be adding to my position.
Reasons:
1. Volume contracted on consolidation
2. Earnings beat last 3 quarters
3. EV sector.. and China stocks may outperform US in near term due to frothy US market in my opinion.
(other reasons I will not publish)
Please do not take this as investment advice. Make your own decisions.
Alibaba appears to be recovering and I think it will continueAfter the Ant Group IPO cancellation caused Alibaba ( BABA ) price to drop for the last two months of last year, the price is apparently recovering this month to the levels where it was before Ant Group announced its plans to float on Shanghai and Hong Kong stock exchanges.
Price is recovering despite the Chinese government probe into Alibaba over alleged anti-competition practices.
Personally I don't think is in China's best interest to kill the goose that lays the golden eggs, so probably this year we'll see some regulation without major impact on Alibaba's business model.
This is all speculation based on news and reports I've been reading for the past month.