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TAL: inverted head and shoulders and gap fill playTAL (Chinese Stock) : I'm bullish Chinese stocks in general but I really do like the look of TAL, which looks very similar to EDU. A few reasons to keep a good look on TAL: - price is slowly getting back above the Ichimoku cloud; - there is a huge gap between $9.68 and $17.36; - the weekly chart chart has the look of an inverted head and shoulders (bottoming pattern). Has TAL found a bottom? It looks like it. Can we fill that gap? Not sure. However the chart looks promising. The next resistances are at 5.45, 5.66, 5.91 and 6.48. If we cross 6.48 I would expect the price to accelerate to the next resistance of 9.68, then potentially fill the gap. If we see weakness in the coming days, the next supports are at 4.62 and 4.28. I'm initiating a long position today with a stop around 4.80. If you cannot monitor your trade actively, waiting for a break of 6.48/6.80 is a wise decision. Trade safe! (This is no financial advice. Technical analysis is given to help you make your own decision. As always place a stop loss when you enter the position, and do not ignore risks of delisting for Chinese ADRs).
NYSE:TALLong
by Elpidaldo
2
TAL - Overbought and still worthy of attention.China is expected to focus on online eduction amid the recent Covid shutdown, but it appears the shutdown will not be as stringent as in the first major outbreak. I believe the price action is more likely due to end-of-year transactions by institutions. TAL has a high float and I don't see retail being the main cause for the recent volatility, even the market sentiment is high. For the Bulls, I would give it time to break 9.63 and then observe the price action. Do NOT chase in this market! If it breaks 9.63, then wait to see new levels of support. Also, check out $YQ.
NYSE:TAL
by TheDrivenTrader
BIDU | Oversold Conditions | Good EntryBaidu, Inc. offers internet search services in China. It operates through Baidu Core and iQIYI segments. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; and Haokan, a short video app. It also provides Baidu Knows, an online community where users can ask questions to other users; Baidu Wiki; Baidu Healthcare Wiki; Baidu Wenku; Baidu Scholar; Baidu Experience; Baidu Post; Baidu Maps, a voice-enabled mobile app that provides travel-related services; Baidu Drive; Baijiahao; and DuerOS, a smart assistant platform. In addition, it offers online marketing services, which include pay for performance, an auction-based services that allow customers to bid for priority placement of paid sponsored links and reach users who search for information related to their products or services; other marketing services that include display-based marketing services and other online marketing services based on performance criteria other than cost per click; mobile ecosystem, a portfolio of apps, including Baidu App, Haokan, and Baidu Post; various cloud services and solutions, such as platform as a service, software as a service, and infrastructure as a service; self-driving services, including maps, automated valet parking, autonomous navigation pilot, electric vehicles, and robotaxi fleets, as well as Xiaodu smart devices. Further, the company provides iQIYI, AN online entertainment service, including original and licensed content; other video content and membership; and online advertising services. Baidu, Inc. has strategic partnership with Zhejiang Geely Holding Group. The company was formerly known as Baidu.com, Inc. Baidu, Inc. was incorporated in 2000 and is headquartered in Beijing, China.
NASDAQ:BIDULong
by DivergenceSeeker
China A50 index to fall below the 500-week moving average?China A50 index ( CN50 ), a measure of the Chinese onshore market that keeps track of 50 of the biggest Chinese A-share companies listed on the Shenzhen and Shanghai stock exchanges, broke a major upward trend that had been in place since 2016. The technical picture sees the A50 index currently dominated by a descending channel pattern, having fallen 42% from its peak in February 2021, with prices now approaching a remarkable 500-week moving average. Given the slowdown in the Chinese economy caused by the government's Zero covid policy, the downward trend in Chinese stocks has been ongoing for a while. However, the most recent sell-off has been triggered by a crumbling confidence among foreign investors as a result of Xi Jinping's reelection as president for a third term and a leadership reshuffle within the Politburo Standing Committee during the 20th National Congress. The A50 index may not have reached its bottom yet, if the Zero-Covid policy and growing doubts about the new policymakers' plans for the country's economic future continue to dampen Chinese growth prospects. Even though the weekly RSI is beginning to exhibit extremely oversold conditions, which is extremely unusual for this market and hasn't happened since August 2011, bears still have total control over the index. But, given the wild price swings of the past few days, some technical and short-term price bounces could still happen. The psychological 11,000 point level, which is down 7% from here, and the 10,200 point level, which was the low of January 2019 (down 14% from here), provide the next significant supports. The A50 will have dropped 50% from its peak if it reaches levels from January 2019, which might encourage some dip buying there.
CAPITALCOM:CN50
by Capitalcom
Chinese Stocks Inverse H&S reversal? BABA had strong earnings and beat earnings expectations. The stock popped and retraced back however it is showing nice support on that right shoulder along with XPEV and & NIO. I like these stocks as a buy here and think they can easily reach the neckline resistance by the end of the month. They They have all broke their respective downtrends. XPEV & NIO have earnings this month and with many people converting to electric vehicles they could surprise us in a good way. Im still skeptical on SPY at current levels so I would like to see how these stocks react on the next retracement/correction/continuation.
NYSE:BABALong
by anamaly
this stock is in a critical levelhello investors Wow the beauty of halves of trends is clear and fascinating here in this chart. I explain: we are in 50% of the big uptrend correction and also in the 50% of the last downtrend corection so if the elipse zone are broken you should ride the trend up or down. Remember please that I am not using cristal ball predicting markets' future but I try to be more effecient and more rationnal Do not hesitate if you want some explanation and more analysis of other markets, just ask me and i will be glade to answer you
SZSE:300750
by HASSOUNI-trading
an other up channel will accurehello, this stock has a big oppotuinity to grow up more and more, why? As you see it tried to break out its channel several times by keeping its uptrend. so if you see it breaks up that up corridor stay at your buying position and blow up your earns. targets are showen on my chart NB: i don't have a cristal ball predicting markest' future but i try to be more efficientr and rationnal in my trading. Good luck and let some feedbacks if you want more markets analysis (you can ask me other markets)
SZSE:002594Long
by HASSOUNI-trading
The SZSE Component Index 6/5/22The SZSE Component Index is an index of 500 stocks that are traded at the Shenzhen Stock Exchange (SZSE). It is the main stock market index of SZSE. Price reached Fib ( 0.618 ) Price reached Weekly FVG Good opportunity of long position. +41.5% if price reached first red line Good Luck Trader💯💯 . . . . . . 🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
SZSE:399001
by MLGONION
ALIBABA, a raging bull rearing its horns! BUY now!BABA just broke out of its long respected descending trendline, with considerable volume. Key resistance level to break is 120, breaking above will mean a surge all the way to key resistance at 180 Actions: 1. Buy the retest of trendline @ current price 2. Wait for a break above key resistance @ 120 Targets: 1. 180 (prev key support flipped resistance) 2. 230 (Big key resistance) Right now BABA is cheaply valued for its massive potential and earnings, definitely a value buy at these current price levels !! Definitely a stock to hold for the long term, even if you are not intending to trade it
NYSE:BABALong
by Gold_D_Roger