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Alibaba - Back to bearish (not)?Hello Traders and Investors, today I will take a look at Alibaba . -------- Explanation of my video analysis: After Alibaba broke below the major support trendline in 2021 we saw a massive correction of -75% towards the downside. Alibaba was then retesting another major level, this time a previous support area which is at $60. So far Alibaba stock is still respecting the bearish trendline, but it is just a matter of time until we will see a bullish trading opportunity on this stock. -------- Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
9
NIO ? Are traders ready to love it again LONGNIO on the daily is 95% below its ATH Winter of 2021 and 50% lower YTD. In China NIO is competing well with XPEV, LI , BYD and TSLA while it makes further penetrative into the EU market. Its unique concept in action is battery leasing and battery swapping making charging time no longer relevant. Apparently, the battery swapping time from a depleted battery to one carrying a charge is 15-20 minutes. Being a bottom-seeking bargain hunter quite often, I will take a long trade here with a planned duration of two earnings periods.
NYSE:NIOLong
by AwesomeAvani
Alibaba - Don't forget chinese stocks!Hello Traders and Investors, today I will take a look at Alibaba. -------- Explanation of my video analysis: Back in 2020 Alibaba stock created a textbook breakout of an ascending triangle formation which was followed by more continuation towards the upside. Then Alibaba stock topped out in 2021 and we saw a massive decline of -80% from the previous highs. At the moment Alibaba is still in a very bearish market but there is a chance that we will see a reversal in the near future. -------- Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
18
Alibaba - Trading opportunity is finally there!Hello Traders and Investors, today I will take a look at Alibaba . -------- Explanation of my video analysis: Almost a decade ago Alibaba stock retested a strong support at the psychological $60 level and reversed significantly towards the upside. Just a couple of months ago Alibaba stock once again retested this support and created an anticipated reversal. If Alibaba stock actually manages to break above the current resistance trendline, we could maybe see a similar rally like we saw in 2015 and the following years. -------- Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
17
China Caixin PMI SummaryChina Caixin PMI Summary Surveys completed by 650 SME's in China have indicated that China's smaller manufacturing and service providers remain in expansionary mode in April 2024 with all three data releases coming in as expected or higher than expected with readings >50 = Expansionary. Manufacturing - 51.4 Increased from 51.1 in Mar 2024 to 51.4 in Apr 2024 ✅Above expectations of 51 Services - 52.5 Decreased from 52.7 in Mar 2024 to 52.5 in Apr 2024 ✅In line with expectations of 52.5 Composite - 52.8 Increased from 52.7 in Mar 2024 to 52.8 in Apr 2024 ✅Above expectations of 52.5
ECONOMICS:CNCOMPPMI
by PukaCharts
Macro Monday 44~China NBS PMI & Manufacturing Caixin PMIMacro Monday 44 The China NBS PMI and Manufacturing Caixin PMI (both released Tuesday 30th April 2024) China NBS General PMI – Surveys by 3,200 large corporations ▫️ Provided by the National Bureau of Labor Statistics ▫️ Based on a large sample size surveying 3,200 companies across China. ▫️ The NBS PMI has a stronger focus on larger state-owned firms. ▫️ Recently increased from 50.9 in Feb 2024 to 52.7 in Mar 2024 (>50 = Expansionary) China Manufacturing Caixin PMI – Surveys by 650 SME’s ▫️ The is an S&P Global report released monthly. ▫️ The Caixin PMI focuses on small & medium sized enterprises (SME’s) in China. ▫️ Surveys a smaller sample size of 650 private and state owned manufacturers. ▫️ Recently increased from 50.9 in Feb 2024 to 51.1 in Mar 2024 (>50 = Expansionary) N.B: The China Services Caixin PMI will be released Monday 6th May which when combined with the China Manufacturing Caixin PMI will form the all encompassing China Caixin Composite PMI. We will cover the China Services and Composite PMI next week on Monday 6th May 2024. Both the Manufacturing Caixin PMI and the China NBS General PMI are of companies that are mostly export-orientated & located along China’s Costal Regions. These are the manufacturing and export hubs of China, the likes of major coastal regions such as Guangdong, Zhejiang, and Shanghai which have strategic access to ports and shipping routes. China, the 2nd largest economy in the world at approx. $18 trillion is often referred to as the world’s manufacturing superpower. In 2019, the Chinese manufacturing sector contributed nearly $4 trillion towards the country’s total economic output. Manufacturing accounted for almost 30% of China’s GDP during 2019 demonstrating the importance of manufacturing and the surveys completed by the manufacturers through the Purchaser Managers Index (PMI) surveys. Incredibly, in 2023 China’s manufacturing continued to increase and contributed 31.7% to China GDP, furthermore China’s exports reached record highs of $3.36 trillion in 2023. For a country that gets a lot of bad economic press, the economic data from manufacturing and exports suggests China is adaptable and is currently in expansionary territory. This will be further evident from both the PMI charts we are about to review below. Like most PMI’s the data will generally be derived from the following sub indices; New Orders, Output, Employment, Supplier Deliveries and Inventories. Reading both PMI’s: >50 indicates expansion in the manufacturing sector compared to the previous month. < 50 represents contraction A reading of 50 indicates no change. The Charts China NBS General PMI – Surveys from 3,200 large corporations (subject chart above) ▫️ After hitting an all time low of 28.9 in Feb 2020 from the COVID-19 pandemic, China’s NBS General PMI has experienced significant fluctuations. ▫️ The NBS PMI made two subsequent significant lows in Apr and Dec 2022 at approx. 42.6. ▫️ By March 2023, the PMI reached an all-time high of 57.0, indicating strong expansion in both manufacturing and non-manufacturing sectors. ▫️ This fell to a low of 50.3 in Dec 2023, and since then we have risen to 52.7 in Mar 2023. 🚨 Next release for April is released this Tuesday 30thApril 2024. China Manufacturing Caixin PMI – Surverys from 650 SME’s ▫️ The China Manufacturing Caixin PMI for smaller SME’s has demonstrated a series of higher lows since February 2020 demonstrating a strong recovery out of the COVID-19 pandemic. ▫️ Momentarily reaching all time highs of 54.9 Nov 2020, thereafter falling significantly to 46 in April 2022, since then the Manufacturing Caixin has pressed into expansionary territory of 51.1 (March 2024). ▫️ This was the fifth straight month of growth in factory activity and the fastest pace since February 2023, boosted by higher new orders from domestic and abroad, with foreign sales rising the most in a year while output climbed the most since last May. 🚨 Next release for April is released this Tuesday 30thApril 2024. Both PMI's are in expansionary territory which is positive news for China production and exports. SME's appear to have made a more gradual and measured recovery in the Caixin PMI versus the volatile nature of the large corporations in the NBS PMI. Regardless both are swinging higher towards 52 or 53 placing them in the expansionary mode. Potential Trade Set Up On a separate note, adding to China's expansionary potential from above economic data and the PMI charts, one of the worlds greatest traders Peter Brandt @PeterLBrandt recently posted a potential buy signal one of Chinas main indexes, the Heng Seng Index which looks to have formed a Head and Shoulders bottom with a recent break out (see most recent post under this one). The Heng Seng Index (HSI) serves as a great proxy for Asian markets, its the main indicator of the overall market performance in Hong Kong and includes 82 constituent companies, representing about 60% of the total capitalization of the Hong Kong Stock Exchange. The companies in the HSI are considered blue chips and thus the index operates a good basal gauge of market sentiment in China. Definitely a chart to add to your arsenal for Asian markets. All these charts are available on my Tradingview Page and you can go to them at any stage over the next 5 - 10 years press play and you'll get the chart updated with the easy visual guide I provided. I hope its helpful Lets get after this week 💪🏻 PUKA
ECONOMICS:CNNBSGPMI
by PukaCharts
Hang Seng: Is a Turnaround Coming?The Hang Seng Index, with everything measured in Hong Kong Dollars rather than US Dollars, offers a distinct perspective within our analysis portfolio, focusing on the Hang Seng Index Futures contract. Starting with a weekly chart overview, we've identified that the initial cycle likely concluded in 2008, followed by a flat correction. Notably, the correction for Wave B exceeded 100%, suggesting that the drop towards Wave (A) level, or slightly lower, is plausible. However, there's an alternative perspective that at Wave (A) already concluded Wave II, although the rapid temporal progression for such a wave suggests this is less likely. We anticipate further declines, yet it's critical to acknowledge a potential Wave (1) and Wave (2) formation at the 78.6% level. A drop below this point should lead us towards the HK$10,500 mark, aligning with our initial entry point around HK$11,300. Despite this, it's premature to issue a limit order given the ample time to observe developments. Daily chart observations further indicate an expectation of a 5-wave structure from (B) to (C), which has been forming quite elegantly despite Wave ((iv)) intruding into Wave ((i)) territory. This necessitates our acceptance of the current count unless we opt for an interpretation that sees a completed Wave (2) at the point marked as Wave ((iii)). Delving into the 4-hour details reveals a persistent downtrend from the onset of what's identified as Wave ((iv)). To reverse this trend, surpassing the invalidation zone would be crucial, suggesting a reconsideration for long positions. Until such a shift occurs, the bear flag's presence likely continues to restrain any significant upward movements in the market.
HKEX:HSI1!Long
by stromm_by_wmc
1
NIO Long on Disappointing EarningsNIO's disappointing earnings were not a surprise. Given the context of China's recession, NIO did better than many expected. TSLA is down as well. NIO is doing as well as most of its peers. On the 120 minute chart, NIO is down 60% from the end of the year highs. The RSI indicator confirms that NIO is in oversold undervalued territory. NIO is at the bottom of the high volume area of the profile and has been trending down with the first lower VWAP line as resistance. I see NIO as likely to trend up as the China economy improves and for that to be reflected in the next earnings report. NIO's innovative battery swapping program where the car owner buys a car without a battery and is able to swap out an energy depleted battery for a freshly charged one in 3 minutes at any of the NIO owned battery stations as a way for NIO to excel no matter competition from the others in China including TSLA. NIO is now selling cars in Scandinavia which should serve as steeping stone to further expansion in Europe.
NYSE:NIOLong
by AwesomeAvani
UCAR a penny China stock now at bottom 300X upside LONGUCAR, a NASDAQ penny stock and a Chinese auto dealership enterprise is experiencing a huge relative volume spike. UCAR had a great week in very active trading. Now priced at about 0.07 per share, my near term target is 1.58 representing a consolidation pivot on the chart. The all time high is the is 300X upside more or less. This is a risky play. It could get delisted although NASDAQ will give it some more quarterly reports to make a case for regulatory compliance and stock price stability I will take a small position here given the risk. Warren Buffet got in on the cheap with BYD over the counter, he has been massively rewarded for his very large position. Retail traders can make good profits with undervalued penny stocks. I think that this right now is one of them. I will use a zig zag strategy to take profits at high pivots and add into the position at low pivots along the way.
NASDAQ:UCARLong
by AwesomeAvani
2
YANG ( a 3X leveraged inverse China megacap ETF ) LONGYANG on a 240 minute chart had a reverse head and shoulders pattern last summer. Price rose over the neckline in November and hit an increased trend angle at that time. With a set of VWAP bands anchored to the neckline cross, TANG had pulled back twice to the mean VWAP where it found support, the latter of which was this past week. While price is currently at 15.5, I could reasonably forecast another rise to the second upper VWAP bandline at 18.00 or about 16% upside. Price rose more than 4% today and 20% YTD for January. Fundamentally, China is in a recession. Additionally, the terror and tension in the Red Sea has increased shipping costs and diminished shipping volumes through the Suez Canal a a major gateway to the Eurozone markets or even Western Russia. The CCP has pleaded directly to Iran about this as the whole situation is worsening the China economy ( among others) The idea of China launching a gold standard currency seems to be out of the news at least for now. What is still on the table is Chinese interests in Taiwanese reunification. Any military action would basically flush Chinese stocks into nothingness because a trade war would ensue if not WW III. This lingering in at background is a drag on the China stocks. I see YANG as a safe bet now with an entry just above VWAP with a stop loss above it and 18.00 for the target.
AMEX:YANGLong
by AwesomeAvani
3
Morgan Stanley rated A the Ping An Insurance for secong year Revenue: $156.2 billion Net Income: $14.7 billion Market Cap: $114.8 billion 1-Year Trailing Total Return: ~7.5% Exchange: OTC Markets According to Investopedia, it is the 3rd biggest Chinese company and in the top 5 insurance companies in the world Ping An Insurance provides insurance, financial services, and banking. It is one of the top 50 companies on the Shanghai Stock Exchange. Founded in 1988, it was China's first joint-stock insurance company. Its subsidiaries include Ping An Life, Ping An Property & Casualty, Ping An Annuity, and Ping An Health. Hong Kong and Shanghai, Nov. 29, 2023 /PRNewswire/ -- Ping An Insurance (Group) Company of China, a powerhouse in the insurance sector, proudly declares its stellar achievement in the latest Environmental, Social, and Governance (ESG) Ratings by Morgan Stanley Capital Investment (MSCI). Securing an A rating for the second consecutive year, Ping An reaffirms its commitment to sustainable practices. Notably, the Group maintains its top-tier position in the multi-line insurance & brokerage industry in the Asia-Pacific (APAC) region. This accolade underscores Ping An's unwavering dedication to excellence and responsible corporate citizenship. Investors take note of Ping An's remarkable ESG track record as it continues to lead the way in the industry. Ping An takes proactive steps in addressing climate change challenges, utilizing its integrated finance capabilities to advance green finance initiatives and support China's ambitious targets of achieving "carbon peak and neutrality in 2030 and 2060 respectively." In responsible investment, Ping An implements the active ownership principle, integrating Environmental, Social, and Governance (ESG) factors into research, analysis, and investment decisions. The company actively oversees and participates in ESG management for portfolio companies, ensuring their healthy development. By June 2023, Ping An's green investments in insurance assets reached an impressive RMB140.929 billion. The current entry-level is looking promising being close to the all-time lows with much higher upside potential than the downward one.
OTC:PNGAYLong
by Elite_Forex
Alibaba - Buy The DipHello Traders, welcome to today's analysis of Alibaba. -------- Explanation of my video analysis: Starting in 2016 Alibaba created a pretty obvious higher timeframe bullish reversal which was followed by a crazy bullrun on Alibaba stock. In 2021 Alibaba broke below a major bullish trendline and dropped more than -70%. If we see another bullish reversal at the $65 level and a break above the trendline mentioned in the analysis, I am looking for bullish trading setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NYSE:BABA
by basictradingtv
1
Navigating Alibaba's TurbulenceAlibaba Group Holding Limited ( NYSE:BABA ), a behemoth in the Chinese e-commerce and technology landscape, has recently faced tumultuous times, and investors find themselves at a crossroads. The Current Landscape: Alibaba, often referred to as "China's Amazon," has witnessed a significant downturn, with its stock plunging 39% over the past year. The broader concerns surrounding U.S.-listed Chinese stocks, exacerbated by geopolitical tensions and regulatory challenges, have cast a shadow over Alibaba and its peers. The Invesco Golden Dragon China ETF, reflecting the performance of Chinese stocks listed in the U.S., has seen a notable decline of 23% in the last year. Amidst the storm, the intriguing question arises: Does Alibaba's current valuation, trading at a Price/Earnings ratio of 10, present an irresistible opportunity or a potential pitfall? The Bull Case and its Obstacles: Previously, Alibaba's ambitious plan to spin off six of its business units held promise for unlocking shareholder value. However, the cancellation of the spinoff of its cloud business, coupled with the halt of plans for its Freshippo grocery retail chain, has injected a dose of uncertainty. The announcement led to a sharp decline in Alibaba's stock in November, emphasizing the significant hurdles posed by expanded U.S. restrictions on exports of computer chips. The Journey Ahead: As investors weigh the potential rewards against the risks, a careful examination of Alibaba's long-term performance offers valuable insights. The stock has experienced a staggering 71% decline over the past three years, remaining down 53% over the last five years and off 19% since September 2014. Strategic Decisions and the Road to Recovery: Alibaba's strategic decisions, particularly the cancellation of key spinoffs, warrant cautious consideration. The wait-and-see approach suggested by analysts underscores the importance of clarity around China's economic recovery and resolution of other China-related issues. Conclusion: Alibaba's journey through the volatile landscape of U.S.-China relations and regulatory challenges presents both risks and opportunities. As investors grapple with the decision of whether to buy, sell, or hold Alibaba stock, a nuanced understanding of the company's strategic moves, the broader economic context, and the wisdom encapsulated in analyst recommendations is essential. The path ahead for Alibaba is uncertain, but for investors willing to weather the storm, the potential rewards may be substantial.
NYSE:BABALong
by DEXWireNews
Still a good arbitrage: Long Japan/ Short Chinawaiting for a short setup against China A50 and a long setup on Nikkei 225. Let'see how it goes. Traders who did the Long Japan/ Short China trades last year earned a lot. Will this combo still be the most beneficial trade for equity traders? Currency these 2 economies are gonna cut their rate. The difference is China's gonna cut their rate regardless of fed's policy, while Japan will be released from the high interest difference between USD/JPY. Economy This part is tricky. Japan enjoyed 6% inflation since the "Big Inflation" during the post-Covid international inflation, which is the dream that Japanese authority chases for decades. Price index and relative cheaper interest for leveraged capital is the 2 biggest Will it continues to grow As for China, I will write a new article soon
PEPPERSTONE:CN50Short
by jtwongresearch
FUTU: strong potential for 2024FUTU reached the upper zone of mid-term 52-45 support range and is trying to find a footing. I like the gap-up with substantial volume today. Re-claiming the 50d moving average would be a constructive next step in shifting the odds of important bottom in place. Otherwise, if 50.28 level will not hold, next support levels are: 49-45. Suggested price structure is in-tact until price holds above 40.90 level. Fundamentally solid with strong sales and earnings growth 4qrts in a row, high EPS growth estimates for 2023 and decent 2024, could be a perspective growth candidate to outperform the markets in 2024 (in favourable environment).
NASDAQ:FUTULong
by artemfedorov
CHINA A50: Time to buy Chinese stocks.The China A50 index (CN50) has been trading within a Falling Wedge pattern since July 2022 and more recently in particular hasn't been able to break above the 1D MA50 (blue trend-line) since September 08. That bearish sentiment may be coming to an end as the 1D MACD is about to form a new Bullish Cross in the same order as the November 01 2022 Low. This could be the bottom (Lower Low) of the Falling Wedge and the start of the new Bullish Leg towards the 0.786 Fibonacci retracement level, as the January 28 2023 High did. We are now buyers on this index, targeting the top of the Falling Wedge at 13000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:CN50Long
by TradingShot
CHINA A50: Bullish signal approaching.The China A50 index reached today the LH trendline of the August 1st top and turned neutral on the 1D technical outlook (RSI = 50.831, MACD = -120.000, ADX = 25.828). The 1D MACD Bullish Cross that was just formed on such a low level, makes the third time this year but we need further confirmation to buy for an extension as the March 23rd Bullish Cross failed to push the index past the 0.382 Fibonacci level. Consequently, if the price closes a 1D candle over the 0.382 Fibonacci, which at the same time will be a 1D MA50 breakout, we will go long and target the 0.618 Fibonacci level (TP = 12,800), which will be a technical LH of the 10 month Channel Down. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:CN50
by InvestingScope
Strong fundamental and technical China playI do like how some of the strongest plays in China are setting up for the perspective upside in Q4 and beyond. Have a look at $NASDAQ:FUTU. High double and triple digits growths of earnings and sales four quarters in a row; strong and consistent ROE numbers; high eps growth estimates. Management owns 5% of the company. In conjunction with China government plans to stimulate the economy, most of the ingredients are there to support potential price advance of FUTU into Q4. From the technical stand point, I may suggest several perspective: 1. My wave-analysis shows that a) the mid/long-term structure allows for substantial upside and b) price found important short-term support in 53 area and is now building the base before continuing advance towards next important resistance zones: 80-99. 2. Waves and fibonacci aside, notice how well the price creates a volatility contraction pattern on a weekly time-scale, with an evident accumulation signs and good weekly closes. That leads me to consider that sellers with selling volume are subsiding and buyers are ready to step in leading the price higher. Overall there is quite substantial overhead supply from devastating 90% decline since 2021, strong fundamental and at least short to mid term technical stance make NASDAQ:FUTU a valid candidate for the buy list. Trading thesis: if price manages to break-out above 67.5 with supportive volume confirmation, that shall be a buy signal. With tight 3-5-7% staggered stop loss. For cowboy type of traders, price moving above 64.10 could be a place to start opening the position with an intention of adding after 67.5 breach. The short-term analysis is valid until price holds above Oct's low of 52.
NASDAQ:FUTULong
by artemfedorov
Do Li's electric vehicles are charged enough for Q4? One of my favourite ideas in electrical vehicle space - China's Li. Mid-term price structure still looks bullish to my eyes, despite Sep's sell-off bellow 50D MA. While the price is still under it (what is a "no-go" rule for any substantial long trades for me), I do like how price managed to find foothold slightly crossing below the ideal support zone. In the ideal world, I would argue that price is trying to form the bottom of what will later form into the lower are of a cup. That means that the price needs to hold above 33 area and start building the right side and later the handle of the reliable cup-and-handle pattern. In the short-term, I want the price to reclaim 21ema and fill the gap-down, happened late September. If the price follows through, we will see the key moving averages ordering into the right bullish sequence: 8ema/21ema/50ma what will probably provide us with the MA's crossover and at least several days tight cheat area with low risk-entry point. The fundamental side of Li's story makes almost the perfect case for the next up-cycle's true market leader: top-level triple digits earnings and sales growth last quarter, consistent double digits 3 quarters sales growth; super high annual earnings estimates. I would place a bet, that if price manages to move above 50D MA, institutional sponsorship will be increasing providing the fuel for the suggested bullish scenario.
NASDAQ:LILong
by artemfedorov
Alibaba (BABA) -> This After -80%My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Alibaba. For me personally it was quite impressive that Alibaba stock dropped more than 80% after the massive 400% increase from 2015 to 2020. Recently Alibaba stock retested and already rejected the previous all time low of 2015 and I think that it is just a matter of time until we will see a monthly bullish break of structure. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NYSE:BABALong
by basictradingtv
44