The Chinese currency is in the lowest price range since 2018FX:USDCNH
The Chinese currency is in the lowest price range since 2018
Yuan is in the Support Area
China Yuan Support Range : 6.31000-6.40000
Entry Price :6.35000
1st TP: 6.47000 R/R: 3
2nd TP: 6.59000 R/R: 6
3rd TP: 6.69500 R/R: 8.5
SL: 6.31000
Chinese
BABABABA can be heating up here ..
As long as above 148 this one can maintain some steam back into the 200's and lead China stocks with it.. very oversold from highs -- can be looking at near 100% ROI back towards highs from here!
Over 170 -- 210 - 230 target is in tact.
Further R LVLs are 248 - 270.
Good buy along with NASDAQ:JD
( Pretty soon this account will become private for only paying subscribers.. to keep up with the plays subscribe to my newletter :) )
- nick
LI Auto reduced delivery outlook for Q3LI Auto announced a reduced outlook on its vehicle delivery volumes for Q3.
The previous guidance from Li had deliveries of 25,000 to 26,000 for the third quarter, but it now expects 24,500.
My price traget is the 22.8usd support.
I expect a correction in other Chinese EV stocks too.
CSI 300 - 2021 Q4 Outlook [1-3 months view] Trend Analysis Chart Patterns Wave Analysis csi300 china hongkong index Equity
Having completed the ABC corrective wave, CSI 300 started a new impulsive wave at the start of 2019. With price testing 1st support around the 4663.90 region where we also have a 50% Fibonacci retracement and possible wave 4 completion.
With the CSI 300 index holding above long term moving average and Stochastic indicator holding above support where price bounced strongly in the past, we see a strong case of price facing renewed bullish pressure. Price could very well push towards our 1st resistance at 5449.57 level and possibly even completing wave 5 target at our 2nd resistance level of 5930.90. Our 2nd resistance level is a key level as it is in line with the historical high of the index and also we have strong Fibonacci levels that finds confluence at that level.
BEKE KE Holdings. ARK sold all its 9Mil sharesIn a selloff that can predict a new market valuation on Chinese stocks, ARK Invest sold all its 9 139 000 shares of BEKE.
Looking at its financials, BEKE is not a bad stock to own at at price lower than its IPO.
The company had revenue increase year over year in the last 4 years, but only in 2020 went profitable with 2.78Bil Earnings. They also have a decent PE Ratio (TTM) : 39.71
The question is: would you buy now what ARK sold for a loss??
Even Buffett was wrong when he sold Delta Airlines or Icahn about Hertz!
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!
EDU a "nonprofit organization"China's crackdown on for-profit education companies was a disaster for traders not using a stop loss.
In the 52 Week Range EDU New Oriental Education & Technology Group Inc. went from 19.9740 to 1.9400usd.
After-school tutoring institutions must transform themselves into "nonprofit organizations".
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
ARK Invest dumps Chinese stocks.
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!
KGRN - The Hidden Gem ETF 💎KGRN is an environmental ETF based in China. China is only at 31% capacity for renewable energy with huge room for improvement.
This ETF holds some of the top Chinese electric car companies. As we all know the Chinese market is the largest in the world and as their economy grows so will their push towards becoming more environmentally friendly. This ETF captures the growing market in a rapidly developing sector.
This ETF is a long-term hold and buying when the price drops.
PDD Bullish Along with Chinese Tech.$PDD: Falling wedge pattern, this might take a little bit of time to marinade. We are tactically overweight on Chinese Tech as inflation is on the rise. China's economy is slated to rebound quickly and this stock is at a 40% discount from its highs! We think this is a high conviction name for recovery and have seen unusual options activity with this name the past 1-2 weeks! Setup is invalidated if it breaks below 110.
$SOS #stockmarket #live #news #business #trading #stocks #stock SOS Limited, a technology company, provides marketing data, technology, and solutions for emergency rescue services to corporate and individual members. It operates SOS cloud emergency rescue service software as a service platform that offers basic cloud products, such as medical rescue, car rescue, financial rescue, and mutual assistance rescue cards; cooperative cloud products, including information rescue center, intelligent big data, and intelligent software and hardware; and information cloud products, such as News Today and E-Commerce Today. The company serves insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers, and other service providers in the emergency rescue services industry. SOS Limited is based Qingdao, the People's Republic of China
Short-Term Sentiment Bearish, Needs to Retest $38.I will be shorting $NIO for the next 2-3 weeks starting Monday morning. Current momentum and sentiment are very bearish in the short term, so a retest to $38 seems inevitable. If $NIO cannot hold $38, we can start to see the low 30s, but hopefully not much lower than that as I do like this company for the long term. In terms of technicals, there is a head and shoulders pattern forming + daily and especially weekly RSI is oversold.
However, whatever happens in the next few weeks I believe it will simply be a continuation of a healthy pullback. The stock has run up over 1650% in the past year alone, aided by China-US tensions, and rumors of delisting of many Chinese companies from NYSE. A sell-off was to be expected.
The one thing that I am mainly concerned with is that NIO is getting audited by PWC's Chinese sector. Also, the majority of analysts covering $NIO is from every big bank's Chinese sector. This can be very deceptive to retail investors. So all I ask is for everyone to be extremely cautious.
Long term, my gut tells me this will all pass, however, I will be extremely cautious and be on the constant lookout for any potential fraud in the company.
[$NEO] Don't sleep on the chinese $ETHHello everyone,
Hope everyone OK !
Some analysis on the Chinese $ETH , $NEO is becoming more communicative on their new DeFi projects with NEO3.
Some a technical point of view, there is a really good signal at the moment wiht this set up : Price above Cloud , Tenkan & Kijun following the new trend & finally the Laggin Span pumping out of the cloud on the Daily.
3D TF we hit the SSB ( upper band of the bearish Ichimoku Cloud)
Volume are coming in and more NEO community, more the PA will move ;) It's a new turn at the moment for really good altcoins project !
TOP50 altcoins marketcap is reversing strongly vs. $BTC.
$NEO is clealy painting a new cycle after this long bear market with slow congestion. Accumulation last more than 1 year and half ! Let's go out this zone and rock resistance !
Keep on eye on it :)
NB: It's not a financial advise ;)
Trade safe , Stay safe
PEACE
NicoDonCrypto
Chinese Yuan-- From 2008 to nowMeasured move shows the previous wave cycle was corrective, making the next cycle the impulsive wave.
*Since Yuan was introduced since 1955, there no use for making upward measured move target with incomplete data.
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Fundamentals// that China is not willing to keep print money like before+ US printing $$$
AUD/JPY Weekly Candlesticks & Ichimoku ChartChinese economy recovering strongly should benefit the AUD in the longer run, and once Abe’s successor is elected, BoJ’s ultra-easy monetary policy will likely be reaffirmed — paving the way for eventual JPY weakness.
AUDJPY has closed above the weekly Ichimoku cloud and broken above resistance at 0.7680–0.7700 convincingly. Buy on dips for a test above 0.8000 seems the right way to go…
BABA Analysis (ALIBABA GROUP HOLDINGS LTD)When NYSE:BABA closes significantly above the green rectangle area (Significantly above the 201.5) , I think it would very likely to continue up to around the 209-210 area (Around first blue line) , with a potential to reach the 219-220 level (second blue line) , depending on how price would act around the 209-210 area .