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BABA may not hold 87 pivot; is 73 D. Bottom next or the 50 zone?BABA is in a long downward pitchfork since the 320 ATH. In this weekly chart, BABA has been oscillating between the 2 green PITCHFORK lines (in a closing basis) since it made a diamond continuation pattern last Nov2021. Last week it bounced from the pitchfork mired dotted median line has turned down again to the 87 pivot zone. If the 87 pivot zone doesn’t hold, we may see a double bottom at 73. Worst case scenario may be the Max Pain zone at 50 to 45 down back to the green line but the bottom reversal will be very fast this time. That will take us back to 57.20 the 2015 bottom before the 5 Elliott waves even started, erasing all gains. Not trading advice
NYSE:BABAShort
by xtremerider8
China ETF GXC finding its foot to launchThe China ETF, GXC, has in recent weeks been beaten down. This is great part dur to concerns about their ideology about a Zero COVID strategy, where it comes with great economic costs. The Western media (mostly) has had a field day whacking China on their "primitive" idea, saying that it is impossible, it is unreasonable, it is irrational, etc. I beg to differ... The saying... "Do not listen to what people say; watch closely what people do" is apt for application here. China has an idealogy it is willing to play out. It also indicates that there is something about CoV2 that they might know, which if true, are not telling the rest of the world about it. And as the world is in bewilderment, makes a laughing stock of China, I do beg to differ. Something deep, something beyond what meets the eye is underlying this hidden dragon. Meanwhile, with bated breath it can be observed the Chain equities have been beaten down... as Shanghai is locked down, and Beijing is at risk of being locked down too. Thing here is... intently watching and looking for a bottoming, it is observed that it might be just starting to break out to the upside. The GXC Daily chart is showing a pick up in Money Flow, MACD and RPM are starting to synchronously push upside. Still early days, but with turning indicators, and as price closed the last day of the week above a consolidation range, it is encouraging Would be looking for a triangle / trend line breakout, with indicators breaking out into bullish territory. The next two weeks would be critical to watch closely.
AMEX:GXC
by Auguraltrader
1
Which Chinese firms face delisting from US stock exchanges?Geopolitical tensions between China and the US have escalated in recent years amid efforts by both countries to become the world’s economic powerhouse. Speculations that the Chinese economy would overtake the US by 2030 have led to tit-for-tat tariffs, sanctions, and a revamp of capital market rules aimed at reducing Chinese companies’ access to American investors’ money. Last week, the US Securities and Exchange Commission added more than 80 more companies to a growing list of Chinese firms that are facing a potential delisting from US stock exchanges. Trump-era accounting law Former President Donald Trump signed into law the Holding Foreign Companies Accountable Act (HFCAA) in December 2020, threatening to kick Chinese companies off US bourses if they fail to comply with auditing rules set by the US Public Accounting Oversight Board. China has since repeatedly slammed the law, describing it as discriminatory and distorts "the basic norms of the market economy." Beijing also denies access to listed companies’ accounting documents, citing state secret concerns. Protecting state secrets The country's State Secret Law, which was enacted in May 1989, seeks to protect state secrets and safeguard national interests. This law has prevented the Chinese units of the Big Four accounting firms from handing over certain corporate information to overseas entities. Even before the HFCAA was passed, the US has already expelled a number of big Chinese firms like the country’s big three telcos: China Telecom (HKG:0728), China Mobile (HKG:0941) and China Unicom (HKG:0762). China Telecom and China Mobile have since raised funds in the mainland market, joining China Unicom to tap into local capital. The Trump administration cited the company’s alleged ties with the Chinese military as the reason for the move. Chinese oil major China National Offshore Oil or CNOOC (HKG:0883) was also delisted from the New York Stock Exchange in October 2021 for the same reason, prompting it to raise funds at home. Less than a month ago, CNOOC raised about $4.4 billion on the Shanghai Stock Exchange in one of this year’s biggest IPOs. Most recently, more firms could be booted from US bourses after the SEC released a provisional list of firms that are found to be violating US auditing rules. Dozens face delisting risks Last week, more than 80 companies have been added to the list including CNOOC peers Sinopec (NYSE:SNP) and PetroChina (NYSE:PTR). Both companies are already listed on the Shanghai bourse. Tech firms including e-commerce giant JD.com (NASDAQ:JD), Tencent Music Entertainment (NYSE:TME), Trip.com (NASDAQ:TCOM) and electric carmaker NIO (NYSE:NIO) were also added to the list last week, joining big names like aluminum giant Aluminum Corp. of China or Chalco (NYSE:ACH). Some firms like JD.com have since vowed to protect their US listing status. The company on Thursday said it will "strive to maintain” its listing on the Nasdaq stock market and has been actively exploring possible solutions. Market reaction The Nasdaq Golden Dragon China Index, which tracks 98 of China's biggest US-listed firms, tumbled over 17% over the past five trading sessions since the May 4 SEC announcement. The passage of the HFCAA marks the latest challenge for US-listed Chinese companies after the SEC earlier warned American investors about investing in shares of Chinese companies that operate through a variable interest entity (VIE) structure, which had been used by companies like Alibaba (NYSE:BABA) to bypass foreign investment restrictions. The SEC warned in September 2021 that if either the Chinese firm or its US-listed shell company breach their contracts, "US investors may suffer significant losses with little or no recourse available."
NASDAQ:HXC
by BlackBull_Markets
CHINA: End of a 17 Year Consolidation - Epic Breakout next? Regardless of your political bias, here's the bullish case - Pandemic, regulatory clampdown, China-fear mongering has driven stocks down - Broke down from pennant in April 2022 but recovered and closed within pennant - bear trap? - Structural shift in new world order (see Ray Dahlio's animated explanation www.youtube.com) - Curious timing where the major investment banks have gotten majority control of their China business in 2020 - US coming to an end of a 40 year major cycle and a 90 year mega cycle - have printed money out of their problems for the last decade or more. End of low interest rate environment. Funds have to flow somewhere!
SSE:000001Long
by fightingdragons
1
$BABA Retest/Short Opportunity Filled downside gap in a hurry, another gap up held for 2 days. Some brewing rumors hitting wires "China to impose compulsory measures on a person with surname of Ma" per Chinese media. I think this retests a vwap ($108.41 to be exact) and an obvious place of resistance and sellers. Depending on global macros this could change quickly obviously. Looking for a probing of $108-$110 then rejection. Always size appropriately for you're own risk management. A bevy of stops set below $80 is likely which could flush this down closer to it's all time lows.
NYSE:BABAShort
by Todoubled23
BABA should hold 83 then BO Channel or 70 will be double bottomBABA has been making a long downchannel which has to be broken to be really bullish. First it must hold the current 83 FIB level, then BO the downchannel at around 95. After that BABA will still face a big resistance zone at the 110 to 130 range. There will be a lot of sellers here which the new buyers must be willing to absorb in order for the price to go above this critical zone. Failure to hold the current 83 Fib level to see a double bottom for BABA at 70. This will be very very near the end of that big ABC correction. BABA is the top e-commerce company in China (Amazon of China but with a very low PE ratio after this crash). Not trading advice
HKEX:9988Long
by xtremerider8
How China’s zero-COVID policy is taking a toll on its economyThe more contagious omicron strain of COVID-19 is testing China’s zero-tolerance COVID-19 policy and while many signs underscore the strategy’s adverse impact on the country’s economic recovery, Beijing continues to stick to it, dismissing suggestions that China should learn to live with the virus as other nations do. Lockdowns in Shenzhen and Shanghai The resurgence of COVID-19 cases in Shenzhen, dubbed as China’s Silicon Valley, prompted authorities to impose a week-long lockdown of its 17.5 million residents in March. The curbs forced the closure of some factories including those of Apple (NASDAQ:AAPL) supplier Foxconn (TW:2317) and carmakers Toyota Motor (NYSE:TM) and Volkswagen (FRA:VOW). Shenzhen is also home to tech giants including Tencent (HKG:0700) and Huawei Technologies. While JP Morgan analysts do not expect the Shenzhen lockdown to have a big impact on iPhone production, some economists have delivered a grim warning on the lockdown in Shanghai. Authorities in China’s financial hub last week extended the lockdown of 26 million people as the city launched its largest public health response in the COVID-19 pandemic era. ING Bank’s Greater China chief economist Iris Pang warned that the cost of the lockdown in Shanghai and in other areas in China will have a “huge” cost to the country’s growth. Shanghai is tipped to suffer a 6% GDP loss if the lockdown persists in April, leading to a 2% GDP loss for the whole of China. The lockdown in Shanghai also affected the production of some known brands including Tesla (NASDAQ:TSLA), German auto parts giant Bosch, and Taiwan’s Pegatron (TW:4938), another iPhone assembler. Offshore Yuan and China H-shares After trending downward for the previous 7 months, news of the extreme lockdowns prompted the USDCNH to break upwards and out of its channel. The USDCNH, at this point, doesn’t have a clear path back to its previous territory. Conversely, the China H-shares index saw a reversal of fortune on March 16. The China H-shares index follows Chinese incorporated companies which are traded on exchanges outside the country. The boost may have come from investors realising that China would be unlikely to face sanction from the US after failing to condemn the Russian invasion of Ukraine more forcibly in the beginning. GDP slowdown The latest developments in China are widely expected to take a toll on the economy that is already battered by the slowdown in the real estate sector and other downward risks. Everbright Securities recently warned that Beijing’s move to cling to its zero-COVID strategy could knock 10 percentage points out of China’s GDP on a quarterly basis in the first quarter. Natixis, meanwhile, expects the lockdowns and transport restrictions to slash 1.8 percentage points from China’s first-quarter GDP. Julian Evans-Pritchard, senior China economist at Capital Economics, in late March warned that "the economy is in the midst of its most abrupt downturn since early 2020.” China is set to release its quarterly GDP data on Monday, April 18.
C
by BlackBull_Markets
How China’s zero-COVID policy is taking a toll on its economyThe more contagious omicron strain of COVID-19 is testing China’s zero-tolerance COVID-19 policy and while many signs underscore the strategy’s adverse impact on the country’s economic recovery, Beijing continues to stick to it, dismissing suggestions that China should learn to live with the virus as other nations do. Lockdowns in Shenzhen and Shanghai The resurgence of COVID-19 cases in Shenzhen, dubbed as China’s Silicon Valley, prompted authorities to impose a week-long lockdown of its 17.5 million residents in March. The curbs forced the closure of some factories including those of Apple (NASDAQ:AAPL) supplier Foxconn (TW:2317) and carmakers Toyota Motor (NYSE:TM) and Volkswagen (FRA:VOW). Shenzhen is also home to tech giants including Tencent (HKG:0700) and Huawei Technologies. While JP Morgan analysts do not expect the Shenzhen lockdown to have a big impact on iPhone production, some economists have delivered a grim warning on the lockdown in Shanghai. Authorities in China’s financial hub last week extended the lockdown of 26 million people as the city launched its largest public health response in the COVID-19 pandemic era. ING Bank’s Greater China chief economist Iris Pang warned that the cost of the lockdown in Shanghai and in other areas in China will have a “huge” cost to the country’s growth. Shanghai is tipped to suffer a 6% GDP loss if the lockdown persists in April, leading to a 2% GDP loss for the whole of China. The lockdown in Shanghai also affected the production of some known brands including Tesla (NASDAQ:TSLA), German auto parts giant Bosch, and Taiwan’s Pegatron (TW:4938), another iPhone assembler. Offshore Yuan and China H-shares After trending downward for the previous 7 months, news of the extreme lockdowns prompted the USDCNH to break upwards and out of its channel. The USDCNH, at this point, doesn’t have a clear path back to its previous territory. Conversely, the China H-shares index saw a reversal of fortune on March 16. The China H-shares index follows Chinese incorporated companies which are traded on exchanges outside the country. The boost may have come from investors realising that China would be unlikely to face sanction from the US after failing to condemn the Russian invasion of Ukraine more forcibly in the beginning. GDP slowdown The latest developments in China are widely expected to take a toll on the economy that is already battered by the slowdown in the real estate sector and other downward risks. Everbright Securities recently warned that Beijing’s move to cling to its zero-COVID strategy could knock 10 percentage points out of China’s GDP on a quarterly basis in the first quarter. Natixis, meanwhile, expects the lockdowns and transport restrictions to slash 1.8 percentage points from China’s first-quarter GDP. Julian Evans-Pritchard, senior China economist at Capital Economics, in late March warned that "the economy is in the midst of its most abrupt downturn since early 2020.” China is set to release its quarterly GDP data on Monday, April 18.
by BlackBull_Markets
Are investors bullish on Chinese stocks again?A raft of regulations targeting a number of sectors — from technology to real estate and education — have hammered Chinese stocks late last year and into 2022, and although many economists remain bullish on Chinese stocks’ potential, Beijing’s relationship with the Kremlin is now weighing on investor appetite for Chinese shares. On Friday, April 1, Shanghai’s SSE Composite Index tumbled 5.8% year on year, and is down 9.6% from the start of the year. The SZSE Component Index, the benchmark index of the tech-heavy Shenzhen Stock Exchange, is also down 13.2% year over year on Friday, and 17.3% lower year-to-date. The Hang Seng China Enterprises Index, which tracks Chinese companies listed in Hong Kong, likewise tanked 31.9% from last year as of Friday, and down 8% year-to-date. 2021 in retrospect In 2021, Chinese companies were hit with regulatory changes as Beijing sought to weed out anti-competitive behavior, online gaming addiction, excessive childcare and education costs, and eliminate other risks in the private sector. Beijing’s crackdown on the tech and financial technology sector led to the record fine of over 18 billion yuan (around $3 billion) on Alibaba (NYSE:BABA), the transition of Alibaba’s mobile payments arm Ant Group into a financial holding company and a raft of rules aimed at data security and anti-monopoly, among others. The government also targeted the education sector last year, launching sweeping rules that upended for-profit tutoring companies. New rules aimed at protecting minors also took a toll on the operations and revenue of big gaming companies like Tencent Holdings (HKG:0700) and NetEase (NASDAQ:NTES). Towards the end of last year, the vulnerability of China’s property sector came to light as China Evergrande's (HKG:3333) massive debt pileup of more than $300 billion highlighted the risks of the country’s highly-leveraged real estate sector that many fear would lead to a wider contagion affecting the country's financial industry and the global markets. These factors led to a sell-off of Chinese stocks at home and in the US, with the Nasdaq Golden Dragon China Index (INDEXNASDAQ: HXC), which tracks 98 of China's biggest US-listed firms, posting its sharpest drop since the financial crisis of 2008 in March after reaching an all-time high in February 2021. As of writing, the HXC is trading lower than its 2008 peak after retracing approximately 70% of the gains it made since its 2008 bottom. Booting Chinese stocks from US exchanges Geopolitical tensions and data security concerns prompted the US Securities and Exchange Commission to tighten its auditing rules on Chinese companies listed on US bourses. This threatens the US listing status of companies like KFC operator Yum China Holdings (NYSE:YUMC), Twitter-like Weibo (NASDAQ:WB), Baidu (NASDAQ:BIDU), and iQIYI (NASDAQ:IQ). Even before these firms were added to the SEC’s “provisional list” of companies that are found to be violating the US Holding Foreign Companies Accountable Act, the US has already booted several Chinese companies — including China’s big three telecommunications companies — over the past year, citing data security concerns and other alleged violations. Bullish on Chinese stocks Despite uncertainties over the outlook for China’s regulatory environment in the coming years, some global banks and economists including Bernstein, Credit Suisse and Goldman Sachs remain bullish on Chinese stocks. Credit Suisse upgraded its outlook on China, noting that values may be depressed, while Goldman Sachs underscored the investability of Chinese assets due to the liberalization and reform measures in the Chinese capital markets, which according to the bank backs its view that China equity is an asset class “that is too big, too growthy, and too vibrant to ignore.” Geopolitical woes, COVID-19 risks remain However, some economists are polarized on their outlook on Chinese stocks due to lingering geopolitical tensions and the resurgence of COVID-19 cases that recently prompted lockdowns in two of the country's most populous cities. Reports highlighting Beijing’s relationship with Russia might be reducing investor appetite for Chinese stocks. Beijing has refused to back a global condemnation of the Kremlin’s military actions against Ukraine, refusing to describe the attacks as an invasion. US-listed Chinese companies have lost over $1.1 trillion in market value in recent weeks due to these concerns and Asian Corporate Governance Association’s Jamie Allen told CNBC over a week ago that the delisting of US-listed Chinese firms could come in the next two to three years.
NASDAQ:HXC
by BlackBull_Markets
it has the chance to be a descending crabit needs to breakout the descending blue line to think about the reversal patterns. X=$0.01 AB=0.61 XA BC=0.38 AB 0.88 BC=$0.47 *crab reversal* 1.13 BC=$0.263 *cypher and shark reversal* 1.41 BC=$0.134 *cypher reversal* *1.6 BC=$0.082 *shark reversal* 0.78 XA=$0.073 2 BC=$0.0329 *0.88 XA=$0.0292 *bat* 2.24 BC=$0.0185 *2.6 BC=$0.0074 *final target of bat* 1.13 XA=$0.003 *3.6 BC=$0.0006 4.23 BC=$0.0001 *1.6 XA=$0 *final target of crab*
LShort
by HarmonicPitchforks
Alibaba Long term AnalysisWe can see a pretty hurt #BABA stock due to all fear in the markets with China and the war, for long-term traders, this could represent a good opportunity. I try to make the chart as clear as possible, remember that this is for long-term trades, right now there´s a lot of volatility in the markets. With that scope in mind and because of volatility, the SL is extended to -34%, so manage your entry position size well. In their fundamentals, BABA is undervalued. Remembering that resistance areas become support areas when the chart moves positive, I recommend moving your SL with these new support levels and managing your exits as comfortably as you need them to be.
NYSE:BABALong
by SprinklesTheCat
BABA - Oversold to overbought Everybody knew 77 was ridiculous level for this name to see when eCommerce was booming WW. But when the risk appears in the percentage terms in front of you...its hard to justify the buy. The core of how the titans of the investing world operate. Value is the most when retails is the most scared to touch anything. This applies to many chinese names. Not all of them will end up making money for the investors, but there are big names that should hold well over the next decade - BIDU, BABA, TECHY to name a few Despite how much the price has bounced, that can't be your reason to trade. Critical indicators are VMA, 30 EMA and ATR buy zone. If you really believe in the turnaround theory (volume suggests yes), any dip below 112 could be used to build a position. right up to 95 as the first stop loss.
NYSE:BABALong
by CheelooTrader
1