BNR is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
Burning Rock Biotech Limited focused on the application of next-generation sequencing (NGS) technology in the field of precision oncology.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $24,54;
take-profit — $32,74;
stop-loss — $21,82.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Chinastocks
Bullish Charts - Golden CrossNIO is a Chinese automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric autonomous vehicles.
The company is also involved in the FIA Formula E Championship, the first single-seater, all-electric racing series.
NIO recently raised almost $1 Billion of much needed capital.
Ahead of the $1 Billion, NIO raised an additional $335 Million through private placements.
NIO's deliveries are advancing nicely.
I do not want to be out of this stock on the next spike up.
The daily chart looks bullish with a clear sign of the Golden Cross, Bullish.
The last time we spotted the Golden Cross on the NIO Daily Chart was around January 8, 2020. The stock was trading in the $2.50 range and spiked up.
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Bullish Charts - Sheriff's Dept. Buys BolaWrapWrap Technologies, Inc., a security technology company, develops security products for law enforcement and security personnel.
It develops BolaWrap 100, a hand-held remote restraint device that discharges an eight-foot bola style Kevlar tether to entangle a subject at a range of 10-25 feet.
The company was founded in 2016 and is headquartered in Tempe, Arizona.
On 06/12/2020, Sanborn County, South Dakota Sheriff's Dept. is the first agency in the state to purchase BolaWrap Remote Restraint Device.
BolaWrap is an innovative humane restraint that provides solutions for police reform.
I am looking for Wrap to hit $12 to $15 or maybe even higher.
More purchase orders should be coming from police departments across the country as they look for non-lethal restraints!
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Chinese Tech Stocks Are Ripping AgainRecent weeks saw a brief flareup between the U.S. and China. But tensions haven’t escalated, and now Chinese stocks have exploded higher as things calm.
The Nasdaq Golden Dragon Index is back to its highest levels since July 2018 and price action in the currency market may favor more gains in coming months.
The U.S. dollar-Chinese Yuan pair seems to have formed a double-top at 7.18. That was a peak last September and again in late May. (Remember USDCNY moves opposite the yuan, so lower prices mean the yuan is gaining.)
That may suggest the greenback is set for downside against the Chinese currency, which in turn could make investors more willing to own Chinese stocks.
This is important because it matches the bigger trend of indexes rebalancing toward the Asian giant. It also makes sense because China’s economy is recovering from coronavirus. But even more important, Beijing is determined to evolve from being a manufacturing center to more of a financial hub. Most times in history, that means a country’s currency gains value. (Think of the U.S. dollar in the 1990s.)
All these forces, combined with the double top in USDCNY, suggest a longer-term rotation is taking place. There aren’t any obvious setups right now in Chinese stocks, but the shift toward names like Alibaba and JD.com could just be getting started. This could also favor semiconductors , solar energy and the Nasdaq in general.
Stay tuned for opportunities as they arise. There could be many!
AMEX:KWEB
$SOHU can fall in the next daysContextual immersion trading strategy idea.
Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of China.
The share price fell after bad earnings. It looks like it will continue falling.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $6,90;
stop-loss — $7,32.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$WB can fall in the next daysContextual immersion trading strategy idea.
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China.
The share price fell after bad earnings. It looks like it will continue falling.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $29,91;
stop-loss — $32,30.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$SINA can fall in the next daysContextual immersion trading strategy idea.
SINA Corporation operates as an online media company in the People's Republic of China and internationally.
The share price fell after bad earnings. It looks like it will continue falling.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $30,03;
stop-loss — $32,56.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$CJJD can rise in the next daysContextual immersion trading strategy idea.
China Jo-Jo Drugstores, Inc., together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3,16;
stop-loss — $2,92.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$CHL can fall in the next daysContextual immersion trading strategy idea.
China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a short position from $35,86;
stop-loss — $37,15.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
WE'RE GOING WITH CITRON AND SHORT $GSX Contextual immersion trading strategy idea.
GSX Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China.
The share price fell after bad earnings. It looks like it will continue falling. Also Citron says $GSX should fall.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $30,27;
stop-loss — $31,97.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Is this King of Tech a Prince of Thieves? | ALIBABA ($BABA)🗺️ Despite strong earnings for Alibaba and an epic recovery since the COVID dump, BABA is in real danger due to new legislation in the US that essentially targets Chinese companies. The legislation won't necessarily lead to anything like a BABA delisting, but fear, uncertainty, and doubt (better known as FUD) surrounding the news makes it hard to see new all time highs for this Chinese giant. Given the uncertainty, what we have now is more of a sell / no trade zone than a clear long or short.
While we typically short downtrends on retests of bearish orderblocks and bearish S/R levels (maroon lines), we have no clear trade at the moment. So instead let's look at some levels of interest.
Below we have S1 - S3 for support. S1 would work well for a dead cat bounce, because it would appear to keep the bullish structure of the trend in place. Meanwhile, any level on the trend line starts to erode the uptrend and is likely to only act as gradual support on the way down.
If the bulls can somehow keep BABA afloat, even if just temporarily, resistance levels above include a retest of R1 and the R2 swing highs, both of which could set us up for a nice short.
Resource: www.bbc.com + www.marketwatch.com
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LUCKIN COFFEE ($LK): The Trend Said to Sell Way Before Delisting✨ Drop a comment asking for an update, we do NEW setups every day! ✨
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Luckin Coffee looks like it is going to zero. Even if it does recover, US investors likely won't benefit since it is being delisted from the NASDAQ. Further, even if it wasn't being delisted, it probably would be soon given the new legislation being past which will result in stocks like this being delisted. Here is the thing though, you didn't need to know any of this to know LK was a strong sell well before the drop. Any decent trend indicator would have told you to get out of LK. Not only that, those same indicators would have had you potentially short into that big drop. Let's take a look at how one would have faired being strength and selling weakness on LK to get a sense of why it is so important to trade with the trend.
Resource: thecolgatemaroonnews.com + www.foxbusiness.com
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1. With our Fractal Trend indicator we ONLY take long setups when the trend is bullish (Aqua bar color) and ONLY take short setups when the trend is bearish (Maroon bar color).
2. Since the only options during a downtrend are to take short positions or sit in cash, we can see that traders and investors using Fractal Trend would have either been in cash or have been short for the big drop.
3. Likewise, since only long positions are allowed in an uptrend, traders and investors would have had a chance to capture a portion of the upside when Luckin did run.
4. With the last two points in mind, you can see that adding another indicator can greatly increase our ability to profit during both up and downtrends. For example on the chart, we are using S/R levels and orderblocks to find entries and exits for trades along the trend.
5. As you can see on our chart, not every pure trend based play (one opened at the color change and closed at the next) was profitable, and for sure not every more tactical trade with the S/R levels and blocks was either, but importantly the profitable plays and the money saved helped one to profit, and more importantly protect capital, far beyond what a buy and hold investor would have
Long story short, LK is a great example of the power of trend trading and shows the value of buying strength and selling weakness as compared to buy and hold.
$OCFT can rise in the next daysContextual immersion trading strategy idea.
OneConnect Financial Technology Co., Ltd. operates as a technology-as-a-service platform for financial institutions in the People's Republic of China.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $15,05;
stop-loss — $13,85.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$GSX can fall in the next daysContextual immersion trading strategy idea.
GSX Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China.
The share price fell after bad earnings. It looks like it will continue falling. Also Citron says $GSX should fall.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $35,43;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
NEXT WEEK CRUCIAL - LK LUCKIN COFFEE - DAILY - MY IDEASWe have observed significant changes in the daily trend of the LK Luckin Coffee price.
Last week's ends with a huge gap formation accompanied with a nice wick formation .
We got all signals of an increase in probability to see the market going down further furing the first days of next week sessions.
Former support lines forms now a strong resistance area above the actual price.
Chances of short entries from Monday are there, if the market follow the signal given with this big long wick created on between Wednesday and Thursday.
Alibaba: False Breakdown as Earnings ApproachOne of the striking things about this earnings season has been the broad strength across technology and e-commerce. Whether you’re looking at Shopify , Twilio or PayPal , one company after another has rallied despite the coronavirus pandemic.
And now one of the biggest names of all, Alibaba, has some interesting patterns as its quarterly numbers approach.
Two things stand out on BABA’s chart. First is the $188-190 support zone. That area was first important back in November 2017, then again in March-April 2019.
The bears tried to take a stab at that same level last week, but were stopped dead in their tracks the next day.
This level is also meaningful as a confluence area with the rising 200-day simple moving average (SMA).
Speaking of moving averages, BABA had a false breakdown under its 50-day SMA a few sessions ago. Its rebound back above that level today could be another signal for the bears to back off.
The next earnings date hasn't been officially announced yet, but TradingView estimates it will be on May 11.
Wait for confirmation before entry long on BAIDUSupport :96.51
Resistance : 105.14
The market is ranging at the moment , we are observing the volumes because at the end of the day BAIDU is always dynamic.
If the candlestick formation is confirmed to be a pullback , thanks to the volumes, it will announce a coming increasing trend .
If the market strongly breaks the support line or the resistance line : The shape of the market will change. Follow the trend because they are possibility of seeing the market moving way from the actual range.
Beware:
BAIDU can open in the morning with a significant price change.