Hkex
3800 (HKEX) - Beautiful chartGot out of my 3888 swing trade up 50- 70% a few weeks ago. Being patient with the volatility from the global markets.
Here is my next HKEX equities trade. 3800's chart and price action looks sooo beautiful. My small parcel at 0.58 filled last Thursday, will look to add more this coming week.
Target ~$0.9. No stops for this one, if it drops below $0.5 I will add heavy for a medium to long term hold.
411 Lam Soon is a good buy (technically)1. Uptrend RSI
2. Uptrend stochastic
3. Stochastic K > D
4. MACD no reversal yet
5. Converged MAs
6. Squeezed Bollinger's
BYD Long Bias1. Price just got rejected on the weekly structure with a bearish engulfing.
2. We will be looking to see if it test the expanding triangle. more aggressive players might want to take it when it reaches the structure support with 47.6 .
3. Personally prefer it to close above the weekly structure.
RSI Negative Reversal again in Tencent's chartAnother RSI Negative Reversal again in Tencent's chart.
1810 - Xiaomi HKEX basic setup
Xiaomi shows some signs of reverse / end of correction / around listing price. However locally Xiaomi is on the downtrend side.
Reasons to be bullish include an expected surge in revenue and earnings, driven by Xiaomi’s focus on Internet services and its increasing share of the hardware market in China, according to notes seen by Bloomberg. In a 63-page note to clients titled “Building a mountain one grain at a time,” Goldman Sachs analysts including Piyush Mubayi estimate Xiaomi has as many as 190 million users worldwide.
CICC predicts Xiaomi will grow revenue by 45 percent and earnings by 60 percent at a compound annual growth rate in 2018-2020. Morgan Stanley predicts a 61 percent growth rate for net profit in that period. Xiaomi is expected to release earnings on Aug. 22.
Analysts now predict Xiaomi will rise 22 percent from Wednesday’s close, according to the average 12-month target price compiled by Bloomberg.
www.bloomberg.com
Tencent: I'm buying the dip.Tencent: I'm buying the dip.
It never falls below 40 on RSI indicator. Correction is on the way.
Short 388.HKJust want to share my view on HKEX:700 .
I am expecting an upcoming long term bear of of Hong Kong stock market. 700 as an important constitute of the HSI is highly correlated to it. Investors are getting more aware of its overvaluation. I have put bets onto the bear.
It is possible for the stock to form a head and shoulders pattern before it further drops to what is fair price, that is at around HKD$255.
