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Chinastocks

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
Shanghai Comp. (SSE) -> Please Pay AttentionMy 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 Shanghai Composite. The Shanghai Composite index is the leading index of China and has been trading in a long term symmetrical triangle for more than 15 years. Considering the fact that SSE entered bullish into this triangle, I do expect a bullish breakout which could happen in the next 6-18 months and then I do expect a major move to the upside. - - - - - - - - - - - - - - - - - - - - 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🫡
SSE:000001Long
by basictradingtv
12
$WB - idea for a long-term investors NASDAQ:WB drawing a double bottom figure. Looks like and this is my prediction, that it will start 2-years growing tour from 18 to 89. Potential is very high, but looking at the turning trend for the most of Chineese huge companies, I assume, Weibo Corp will hold this trend and stay closest to it. NASDAQ:WB ::17.75->51::+187%::1year (Mar-Apr 2024) NASDAQ:WB ::17.75->89::+400%::2years (mid of 2025) Does not constitute a recommendation. #investing #stocks #idea #forecast #furoreggs Please, subscribe and challenge my point of view )
NASDAQ:WBLong
by furoreggs
China50 forming a bottom?CHN50 - 24h expiry - We look to Buy at 12555 (stop at 12435) Price action looks to be forming a bottom. Previous resistance at 12530 now becomes support. 12531 has been pivotal. Support is located at 12530 and should stem dips to this area. Buying posted in Asia. Our profit targets will be 12855 and 12935 Resistance: 12700 / 12850 / 13000 Support: 12600 / 12530 / 12450 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
VANTAGE:CHINA50Long
by VantageMarkets
USD/CNH - LONG; China is dead!... and it is about to roll over. E.g. Sell it ALL!! This is the year (2023) to start the Long March (a familiar theme in Chinese history), to gain full stride, right into oblivion. Namely, the Chinese demographic implosion which has been gathering speed for quite a while now, will hit that country with undeniable force, essentially halving the population in less than the next decade and a half. This pretty much sums it up. (Why do you think they had the severe "Covid lock-downs", lasting for 3 years by now?! ...) Whether China will go down swinging is yet to be seen however, the outcome is a foregone conclusion, in any case. (Short of some oracle which could create 800 million Chinese, overnight, all between the ages of 21-35. China's current "R Factor" - reproductive rate - is half that of Covid and its varieties. - Just to illustrate the point.) The technical picture of this pair speaks for itself, as well, the pair landing/turning on massive support here. (Beijing couldn't allow the further appreciation of the Yuan without crushing an already imploding economy!) As for the monetary picture; China's >600% credit expansion in barely a decade is abjectly absurd, even by the recent, excessively loose global monetary standards. p.s. China had never had more than 70 consecutive expansion - or even stable - years in its 4000 year, illustrious history. The time has come, once again, with a well defined end in sight.
Long
by Nemo_Confidat
12
China Yuan Demise, China Demise, Ray Dalio CNY Reserve Currency? I remember a few months ago there was talk about the Chinese Yuan being the new reserve dollar? Ray Dalio? The China economy looks so far gone its not even a joke anymore Government forcing people to not sell assets including banks / institutions China stimulus debasing the currency parabolically China stock index failing to grow at all China no longer reporting jobless claims / unemployment figures (Source at the bottom) China DEBT to GDP ratio is also going parabolic chances are it will pass even the USA. Conclusion China and the Yuan is on its way out and the China age is looking more over than ever. What's the next reserve currency? Not the Yuan that's for damn sure. What's left? Russia with BRICS & Bitcoin is still there just hanging around. www.reuters.com
SSE:000001
by FederalXBT
China A50 holds its ground despite weak sentimentAU wages came in weak, The RBA hinted that they think they're done tightening in the minutes, The PBOC cut rates (again) and a slew of data from China once again misses the mark. And all in a 30-minute period! I think we’re fast approaching a phase where bets will be on for another round of stimulus. The China A50 is holding its ground above 12,600 and AUD/USD has managed to hold above yesterday’s YTD low despite the weak data. There’s a floor under these prices, and any rumours of stimulus could potentially light the bullish match for these markets to bounce. Economic data from China continues to disappoint, with retail sales, industrial production and fixed-asset investment data all missing the mark today. This follows on from disappointing trade figures for Q3 with imports and exports contracting at a much faster pace than feared, and loan demand falling to its lowest level since 2009. Yet somehow, the China A50 is still holding above the 12,400 base it formed in Q2 (despite negative headlines) before falling on news of stimulus. Are we about to witness a similar scenario? Perhaps. The PBOC announced that they have cut rates for a second month in three, a move not expected by the majority of economists. But it does suggest there is some panic, and with that comes hopes of more stimulus. If a market can’t go lower on bad news, it may not take much ‘good’ news to help it rally. A bullish hammer formed on the daily chart on Monday and prices are holding above its low despite the negative sentiment. We therefore see the potential for a rally to at least 13k, either on hopes of stimulus (or confirmation of it).
FOREXCOM:CHINA50Long
by CityIndex
LI Auto Options Ahead of Earnings If you haven`t sold LI when they reduced the delivery outlook: Or on this Earnings Release: Then Analyzing the options chain and the chart patterns of LI Auto prior to the earnings report this week, I would consider purchasing the 20usd strike price Puts with an expiration date of 2024-5-17, for a premium of approximately $0.60. I think there is still some upside momentum left, followed by a big selloff by the end of the year. Looking forward to read your opinion about it.
NASDAQ:LIShort
by TopgOptions
JD is it a safe short or an early reversal?JD on the 1H chart has been in a solid downtrend worthy of shorting. However, the zero-lag MACD shows a line cross under the histogram and a red to green there. The signal has curled. This looks like subtle divergence. Price is in the area of the mean anchored black VWAP lines. The mass index indicator is double tapping the reversal zone. So, what you think? Is there more downside or instead is JD going to bounce and move up? Please offer your comment !
NASDAQ:JDLong
by AwesomeAvani
China A50 holds 12400 with conviction. Bullish breakout pending?The China A50 trades within a bearish channel on the daily chart, although we strongly suspect it wants to break out of it to the upside. If you look at the steady stream of weak data coming out of China over the past few months, why is the China A50 not breaking to new lows? In fact, each time the market has pulled back to the 12,400 area since early June buyers have stepped in. And they returned in force yesterday to produce a strong bullish engulfing candle at support. Bulls could either wait for a break of the 12,857 high to confirm breakout. But if confident that some sort of ‘plunge protection team’ is defending the 12,400 level, any pullback towards it may prove to be a gift for bulls who are anticipating a countertrend breakout.
FOREXCOM:CHINA50Long
by CityIndex