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Wuxi Biologics (2269): Incredible long-term opportunity! Wuxi Biologics (2269): HKEX:2269 Wuxi Biologics, a Chinese biotech research company listed on the Hong Kong Stock Exchange, presents a complex investment scenario. It's crucial to note we're dealing with the Hong Kong Dollar, not the US dollar. The comprehensive analysis on the weekly chart suggests that since June 2021, the company has been undergoing a correction defense scenario. This downturn has been so pronounced that the stock might need to reach its origin point at 8.56 HKD to complete the correction cycle of Wave 2 through Wave (Y) in blue. This process is expected to involve an initial surge followed by a downturn. While there's potential for early position building, the decision to do so carries its uncertainties, given regulatory concerns and the stock's unpredictable future. Our strategy is to remain patient, observing how events unfold. Even with a 30% stop-loss threshold, which practically doesn't apply given the upside, we anticipate a minimum 2600% movement for Wave III in red, with the potential to reach an extraordinary 6000% at maximum. Such figures outline the vast upward trajectory expected, not just through Wave 3 but also with an ensuing Wave V. Therefore, we are comfortable waiting and watching for the right entry point. Even if we decide to enter the market at a later stage, we expect that Wuxi Biologics will still offer significant opportunities.
HKEX:2269Long
by freeguy_by_wmc
JD.com Resurgence: Surpassing Expectations JD.com (NASDAQ: NASDAQ:JD ), the Chinese e-commerce giant, has emerged victorious in the face of economic headwinds, defying expectations with impressive fourth-quarter revenue figures that have ignited a surge in investor confidence. With shares soaring 15% , JD.com's strategic maneuvers and resilience in a challenging market landscape have captured the attention of analysts and stakeholders alike. The company's success in the final quarter of 2023, buoyed by aggressive price cuts and heavy discounts during China's renowned Singles Day shopping festival, underscores its ability to adapt and thrive amidst economic turbulence. Despite China's shaky economic growth and concerns surrounding youth unemployment and stagnant wages, JD.com's ( NASDAQ:JD ) innovative approach to stimulating consumer demand has yielded remarkable results. Chief Executive Sandy Xu Ran's announcement of plans to expand JD.com's international presence marks a pivotal moment in the company's trajectory. With a keen focus on supply chain optimization, JD.com ( NASDAQ:JD ) aims to establish itself as a global powerhouse, leveraging its distinct business model and competitive advantages to penetrate new markets. The prospect of JD.com's ( NASDAQ:JD ) potential acquisition of UK electronics retailer Currys further underscores its commitment to international expansion. As the company seeks to diversify its revenue streams and mitigate risks associated with domestic market fluctuations, analysts anticipate a strategic move that could bolster JD.com's ( NASDAQ:JD ) global footprint and drive long-term growth. JD.com's ( NASDAQ:JD ) stellar quarterly performance, with net revenue surpassing analyst estimates at 306.1 billion yuan ($42.52 billion), reflects its enduring popularity among cost-conscious consumers. Despite concerns stemming from an internal audit of its Dada Nexus unit, JD.com's overall revenue remains robust, alleviating investor apprehensions and reaffirming confidence in the company's resilience. Moreover, JD.com's ( NASDAQ:JD ) announcement of a $3 billion share repurchase program underscores its commitment to enhancing shareholder value and capitalizing on market opportunities. With its U.S.-listed shares experiencing a recent downturn, JD.com's proactive measures signal a strategic pivot towards revitalizing investor sentiment and unlocking future growth potential. As JD.com ( NASDAQ:JD ) reports a net income attributable to shareholders of 3.4 billion yuan, marking a significant increase from the previous year, the company's trajectory appears poised for further success. With a steadfast focus on innovation, expansion, and shareholder value, JD.com ( NASDAQ:JD ) continues to navigate the complexities of the global market with confidence and determination.
NASDAQ:JDLong
by DEXWireNews
BYD's Earnings Rollercoaster: Price Wars and Global DemandsIn a recent filing with the Shenzhen Stock Exchange, BYD Co. ( NYSE:BYD ) announced a robust surge in its 2023 net income, projecting an increase of 75% to 86.5% compared to the previous year. Despite this impressive growth, the company fell short of analyst expectations, sparking a 5.44% drop in NYSE:BYD shares and extending losses to roughly 37% over the past year. The complex dynamics of a price war in China, fluctuating global demand, and geopolitical tensions have shaped NYSE:BYD 's financial landscape, offering investors a unique narrative to decipher. I. Electric Vehicle Sales Triumph: NYSE:BYD 's ascent to become the top electric vehicle (EV) maker by sales in the final quarter of 2023, outpacing industry giant Tesla, marked a significant milestone for the Chinese automaker. Bolstered by soaring sales in China, NYSE:BYD delivered 526,409 fully electric cars, surpassing Tesla for the first time. The impressive feat was attributed to BYD's extensive lineup of more affordable EV models, highlighting the company's strategic positioning in the world's largest auto market. II. Price War Woes: Despite the stellar sales performance, NYSE:BYD faced the challenges of a price war in China's fiercely competitive EV landscape. In a bid to achieve annual delivery targets, the Shenzhen-based company implemented aggressive discounts, slashing prices on popular models like Qin, Han, and Tang by as much as 10,000 yuan. The impact of this pricing strategy has been reflected in NYSE:BYD 's earnings report, where net income fell short of the average analyst estimate. III. Geopolitical Scrutiny: NYSE:BYD 's success has not shielded it from geopolitical tensions, as the company finds itself under the European Commission's anti-subsidy investigation. Alongside two other carmakers, NYSE:BYD faces scrutiny to determine if state support from the Chinese government has provided an unfair advantage. Navigating this investigation adds a layer of uncertainty to NYSE:BYD 's future, as regulatory challenges could potentially impact the company's global operations. IV. Slower Growth Pace and Profitability: While NYSE:BYD 's net profit is expected to show a remarkable increase, the growth rate in 2023 is notably slower than the exceptional 446% surge witnessed in 2022. Despite fierce industry competition, NYSE:BYD emphasizes significant improvement in profitability and resilience, attributing its success to factors such as rapid growth in overseas sales, a scale advantage, and efficient cost control within the supply chain. V. Future Outlook: NYSE:BYD 's foray into the Southeast Asian market with the unveiling of three battery EV models in Indonesia signals the company's ambitious expansion plans. As NYSE:BYD aims to secure the top market position in Southeast Asia's largest economy, the global EV landscape remains dynamic and unpredictable. Investors will closely watch how NYSE:BYD navigates the evolving industry landscape, responds to geopolitical challenges, and sustains its momentum in the face of intense competition. Conclusion: NYSE:BYD 's journey in 2023 has been characterized by triumphs in sales, challenges in pricing strategies, and the looming shadow of geopolitical scrutiny. The company's ability to navigate these complexities will shape its trajectory in the rapidly evolving electric vehicle market. As investors assess the risks and rewards associated with NYSE:BYD , the story unfolds as a compelling narrative of a company grappling with the highs and lows of a transformative industry.
OTC:BYDDYShort
by DEXWireNews
MOMO LongI don't usually post trade setups that include eliott waves, however this one is really captivating. MOMO completed a 5 wave Impulse from its low before recently completing an ABC correction where the second wave completed at a perfect bearish bat, and then the wave hit its measured move below the key support level. The correction waves bottomed out at a key level from history that coincides with the 0.618 fib retracement level from the low to high of the Impulse phase. This potentially signals a wave 2 completion of a larger 5 Wave Impulse up One of the strongest setups we look for is a spring backtest, where an asset falls below a key level, before springing back above that key level and backtesting it as support. In this case we are yet to backtest it as support. However, we have sprung and are showing lots of bullish divergence, so within the community we have started to layer in from this level. First target at a key resistance already gives us a 38% return against a potential 8% loss.
NASDAQ:MOMOLong
by SynergyTradingSetups
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
Can Alibaba double from here?The Chinese MNC had displayed its last big impulse move in Oct.2022.In this move(labeled wave 1) the Chinese giant gained 106% between Oct.2022 till Jan.2023. Between Jan.2023 to May 2023 the stock got into wave 2 correction and corrected 61.8% of the wave 1 rally(the correction was an Elliot wave zigzag). The stock displayed a bit of strength again on the completion of the Zigzag and managed to get a leading diagonal as the first leg of the bigger Third wave that is now anticipated of the stock. The stock currently is at 80%retracement of the leading diagonal and 77.77$ level is a crucial support for the stock. The current corrective phase seems to lack one tiny leg to the downside(wave c of Z) and as soon as that is achieved the stock should only look North then from here all the way till 160$ mark. Note*- The chart is based on personal observations/opinions. Kindly do your own research before taking up any trade.
NYSE:BABALong
by neeraj_2_sharma
10
China Life Insurance: Bounced back🎾After placing the low of the blue wave (ii) at the lower border of the orange target zone between $10.10 and $11.32, China Life Insurance's share price initially rose to the upper border of the target zone last week, gaining over 12%. However, the price has not yet been able to sustainably break out of the zone, causing it to bounce and fall again. As a result, entry opportunities remain within the zone on the long side, with stops placed around 1% below the lower border. We expect the price to rise well above the zone and cross the resistance at HK$15.84. Only an imminent break below the support level at HK$8.53 would diminish this outlook. This would activate the 33% probable alternative, which involves a lower low of the green wave alt.(2).
HKEX:2628Long
by MarketIntel
Hang Seng Index: Motivated! 💪The bulls were able to push the Hang Seng Index significantly higher on Friday, moving it further away from the yellow trading range between 17,424 and 15,571. However, we still expect the price to return to this area as part of the magenta wave (2) to make a lower low before the reversal occurs. That said, given the price action so far, we have to increase the probability of our alternative to 41%. In this case, the low of the magenta wave alt.(2) would already be in place and this scenario would come into play on a rise above the resistance at 18,898. However, it should be noted that our long-term expectation has already been fulfilled with the completion of the trading range. In both cases, there is considerable upside potential in the medium to long term. The price should clearly overcome the resistance at 20,899.
HKEX:HSI1!Long
by MarketIntel
1
CHINA A50: Chinese stocks are the buy opportunity of a decade.The China A50 index (CN50) is trading within a Falling Wedge pattern and on the larger picture a Channel Up with its Higher Highs being on June 09 2015 and February 16 2021. The price is now closer to the Channel Up bottom and the pricing of a new long-term Higher Low (bottom), which already makes it a great buy opportunity. Of course the most optimal level to enter would be as close to the bottom as possible, especially of the 1W RSI makes one more Higher Low on its Triangle. We have seen the very same 1W RSI Triangle in November 2012 - February 2014, when the index was within a similar Falling Wedge. The same RSI Bullish Divergence (Higher Lows against the price's Lower Lows) eventually caused the March 18 2014 rebound. This is why the most optimal level to buy would be on the (current) RSI Higher Lows. If that isn't materialized, we will enter when the 1D MA100 (green trend-line) breaks, which will be a bullish break-out confirmation. In either case, our long-term target is the 2.382 Fibonacci extension level at 23000. ------------------------------------------------------------------------------- ** 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
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
YANG China Leveraged Bearish LONGYANG benefits when the China factories slow down and the economy stagnates which is the present situation. The weekly chart shows YANG at its highest before and after covid in 2019-2020. The volume profile shows over the 3+ years most shares have traded at the present price levels. Price is rising above the POC line of the volume profile and approaching the long term mean VWAP. The RS indicator shows sideways strength movement in the mid-ranges. The MACD is curling upward over a low amplitude histogram. The Asexome Oscillator is sideways. Overall, I will place a long trade here and then supplement it with an add when the trend direction is stronger and the Average Directional Index gains amplitude.
AMEX:YANGLong
by AwesomeAvani
2
YINN - a leveraged bullish ETF for Chinese stocks.YINN is a 3X leveraged bullish ETF of Chinese stocks. As can be seen on this one hour chart, YINN has jumped nearly 30% since the beginning of the moth. On the chart is a moving average ratio indicator ( with settings SMA7 / SMA28 ratio ). When the ratio crosses the zero line, the shorter average is rising faster than the longer average demonstrating bullish momentum. Here I used it as an entry signal. ( the exit signal would be the ratio dropping below the zero horizontal line which has not yet occurred) For confirmation and further entry justification, the volatility indicator shows spikes above the running average volatility in order to be that there is enough volume and price action to get into a good trade in the direction of the trade. Fundamentally, the Chinese economy is open and growing. the CCP has resisted the urge to raise prime rates as compared with Western central banks. ( BABA and NIO have good current price action.) Given the guidance of the chart, YINN seems to be a good long trade I will continue to add to the trade when the chart tells me the time is right.
AMEX:YINNLong
by AwesomeAvani
21
Is YINN ( Chinese 3X )ready to re-enter or add to the position?YINN is shown here on a 15-minute chart. It had several good NY sessions in a row adding about 4% daily. In the last session however, it had a 3% pullback to its present price. Fundamentally, the Chinese central bank in just the past few days, lowered the prime rate something the US fed has been unwilling to consider. There can be little doubt that this will be helpful to Chinese stocks overall. On the chart, I find several confluences that give YINN support and so make it likely that YINN will have a bullish continuation: (1) it is currently at the same value of the POC line. (2) it is currently near to the convergence of the SMAs 50 20 and 10 from the Alligator indicator (3) it is sitting just above the line representing one standard deviation above the anchored mean VWAP Given these confluences, the support is strong favoring my analysis that YINN is ready for me to add to my position which was very profitable when I took a partial closure of my shares at the beginning of the last trading day. I am confident that the buy high and sell higher in an uptrend is the best approach to gain with low risk.
AMEX:YINNLong
by AwesomeAvani
Chinese ETF Possible HUGE Move!Watch NASDAQ:BIDU NYSE:TME AMEX:CWEB NYSE:BABA NASDAQ:NTES NASDAQ:PDD . Most are breaking out Scoop up some strong ones!! Reasoning Whole Industry is moving! Divergence between Composite and RSI on 4D chart Consolidation seems done Correction is not overextended Multiple Bullish Days Always try to use 2 timeframes My Would Be Trade Plan - Risk about 1.5ATR and aim to ride up to 4.5ATR (1:3) - Raise stop once Trade moves 2ATR in your direction - Add on new highs after a pullback. (Then raise stop to keep original risk and also do not modify the target price) Main Sources of My Knowledge Mark Minervini Constance Brown William O'neil Speakers on Trader Lion Youtube Adam Khoo My Indicators 14 Period RSI. 9SMA and 45EMA Moving Averages added Composite by Constance Brown This is for catching failures in the RSI. The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that Composite Settings Author : Constance Brown (Connie Brown) RSI Length : 14 RSI Momentum Length : 9 SMA Length : 3 Fast Simple Moving Average : 13 Slow Exponential Moving Average : 33
AMEX:CWEBLong
by vssebuyungo
3
IQ in the zone of supporta Chinese tech stock which broke out if's downtrend earlier this year. This area and slightly lower should be support. We're also at daily and weekly BB support and weekly 100ma support (not pictured). RSI is hinting that the stock is very oversold and could see significant upside to 10 dollars or more. Keep in mind this may also just be part of a correction in which case the red path is more likely. Either way I think a tradable bounce is coming. See my china posts below - good luck!
NASDAQ:IQ
by the_sunship
'Can China’s Long-Term Growth Rate Exceed 2–3 Percent?' SummaryThis is a summary of Michael Pettis' 'Can China’s Long-Term Growth Rate Exceed 2–3 Percent?' carnegieendowment.org As the text was quite long, this summarizes some critical points. China's high investment share of GDP and growing debt burden are interrelated, stemming from an investment-driven growth model that began in the 1980s when the country needed significant investment in infrastructure, urban property development, and manufacturing facilities. High domestic investment required high domestic savings, leading to a rapid savings increase by constraining household consumption and income growth. Policymakers now recognize the need to rebalance China's economy towards domestic consumption. High investment levels initially benefited the Chinese economy, as productive investment grew at the fastest pace in history. However, a successful development model should make itself obsolete, and China has closed the gap between its actual investment level and the level its businesses and workers can productively absorb. As productivity benefits of additional investment decline, more investment begins to generate less economic value than the value of employed resources. This can be observed in China's increasing debt numbers. Countries that followed this growth model experienced a period of rapid, sustainable growth with stable debt levels, followed by a period of rapid, unsustainable growth driven by a surging debt burden. China entered this phase around fifteen years ago. Therefore, the investment share of China's GDP must decline sharply in the next few years, as the conditions that made high investment levels sustainable no longer exist. Historical precedents suggest that reducing the investment share of GDP to a sustainable level is better for the economy's long-term health, growth, and stability. In this context, rebalancing the Chinese economy will require significant adjustments in its economic structure. Beijing must focus on boosting domestic consumption, though this would likely result in a decline in China's annual GDP growth to around 2-3 percent for many years. The current investment share of GDP is extraordinarily high, making it difficult to reduce it without significantly affecting overall economic activity. Policymakers in Beijing have increasingly called for an expansion in the role of consumption, but there are significant political constraints in implementing such policies. Rebalancing would require consumption to grow faster than GDP and GDP to grow faster than investment. This implies transferring income from governments and businesses to households, a process that has not yet seen concrete proposals. The decline in growth will be unevenly distributed, with local governments bearing the brunt of the adjustment while ordinary Chinese people experience less impact. This also means that sectors of the global economy that depend on Chinese investment growth will be more affected, while those reliant on Chinese consumption will be less impacted. China's investment share of GDP currently stands at around 42-44 percent, which is unsustainable in the long run. For the purposes of this analysis, it is assumed that China should reduce its investment share to 30 percent over ten years, a level typical of rapidly developing economies. As investment declines, the consumption share of GDP must rise. Michael presents five scenarios under which China can rebalance its economy: A. Rebalance with a surge in consumption: China's consumption would need to grow by 6-7% annually, while investment grows by 0-1% annually, resulting in a GDP growth rate of 4% over ten years. However, this requires politically difficult income transfers from local governments and wealthy individuals to households. B. Rebalance while maintaining current consumption growth rates: Consumption growth would remain at 3-4%, with investment contracting by 1-2% annually. This would lead to an average annual GDP growth rate of 1.5% over ten years. C. Rebalance with a sharp decline in consumption growth: If consumption growth drops to 1-2% annually, the investment must decline by nearly 3% annually, leading to flat GDP growth. D. Rebalance with a sharp contraction in GDP: This scenario involves a short-term, severe GDP contraction but is considered politically disruptive and unlikely. E. Rebalance over a much extended period: If China takes 15-20 years to rebalance, with consumption growth at 3-4% annually, GDP growth will drop to 2% and 2.5%, respectively. Key points include the limited ways China can rebalance, the difficulty in maintaining a high investment share indefinitely, and the necessity of a surge in consumption growth for a more balanced economy. Rebalancing will involve slower GDP growth without faster consumption growth, driven by significant and politically challenging income transfers. In conclusion, China's rebalancing process will require significant adjustments in its economic structure. The country must reduce its reliance on investment and increase the role of consumption in driving growth. However, the political constraints and the impact on various sectors of the economy make this a challenging task for policymakers. The five scenarios presented illustrate the complexities of the rebalancing process and emphasize the need for a well-thought-out and carefully executed strategy. China's future economic health depends on its ability to navigate these challenges and transition to a more sustainable growth model. Beijing must strike a delicate balance between addressing political constraints and implementing policies that promote consumption growth while minimizing the negative impacts on various sectors and local governments. Moreover, the global economy is intricately connected to China's growth trajectory. As China undertakes the rebalancing process, the repercussions will be felt in sectors reliant on Chinese investment and consumption. Businesses and governments worldwide must closely monitor the situation and adapt to these changes. This analysis highlights the importance of understanding the complexities of China's rebalancing process and its implications for the Chinese and global economies. As China grapples with these challenges, the world must brace itself for the changes arising from this monumental shift in the world's second-largest economy. Only time will tell if China's rebalancing efforts will successfully pave the way for a more stable and sustainable economic future.
CAPITALCOM:CN50
by BitcoinMacro
China: Back to the Grind (SHORT)China: Morgan Stanley scenario: Chinese stock indexes could plunge by another 20% from current levels over the next six to 12 months — and potentially remain lower for much longer if the hypothetical stress scenario persists. China’s GDP could slow drastically, averaging 2% growth in 2023. More than 11 million people could lose their jobs, likely sending the urban unemployment rate above 7%. Construction, accommodation and catering would see the most job cuts.
SSE:000062Short
by SWFguy
SE: Inverted head and shoulders formingSE (Sea Limited) Being 85% off its all time high, SE is trying to form a bottom here. The pattern I see on the 4h and daily chart is an inverted head and shoulders . It's a reversal pattern. Inverted head and shoulders (like head and shoulders) are only confirmed once the neckline is broken. The neckline is between 62.45 and 63.95 so I would consider a long entry for a swing trade if and only if we break 64. Just watching for now. But the chart is showing some positive signs. The target of the pattern is at 90 . Trade safe.
NYSE:SE
by Elpidaldo
2
KWEBI believe, for sometime KWEB should take a pause for a brief time: 1) The current price is right at the resistance zone on the weekly chart ($31.xy to $32.nm) - We can see many times in the past the price has turned back from these levels. 2) 50 ema on weekly chart is right at the resistance, working as double resistance for the price move. 3) Dragon fly doji at the resistance means zone of strong supply. 4) The rally has been a swift and strong, now it is a few weeks old for next round of healthy run it should take a pause. Bull: 1) RSI is healthy. 2) A support is at $28-$29ish 3) Standard Deviation is higher than its previous peak and heading higher 4) Once the pause is over, next pause should be at around $38.50ish Conclusion: Overall view on KWEB is positive. In a short term the KWEB should take a pause, possibly fall a bit, before starting to run again. If the drama around possibility of US ban on Chinese stocks ends and the Zero COVID policy is lifted, then 2023 will be the year of Chinese Stocks. PS: I am new to analysis. So, do not forget to do your own research, make your own decision, you are responsible for your trades. I welcome inputs to improve my analysis. So, please share your knowledge and guide me.
AMEX:KWEB
by foolalgorithm
3