$BABA I'm expecting some major upside in BABA for the rest of the year. $233-$234 is likely a major retrace/pivot point. Fundamentals: Cheaper than any of the mega-cap tech plays except Facebook. More catch-up potential. AMZN of China.. Not advice, opinion only. Goodluck.
This one filled the gap at $216.50 on Thursday last week. This is the gift that AMZN never gave us to get back in. If you're a seller or short seller here then I just can't talk sense with you. This thing is about to increase it's revenue growth a ridiculous amount with the new cloud storage business they are ramping up. The news cycle will inevitably change and...
The algos will soon realize that the analyst sell recommendation was to sell the JD Health that began trading in HK exchange overnight and not JD.com smh. This will be $85 in no time at all in my opinion. Not trading advice, just my opinion. JD
I went through and created a watchlist for names that have held up well in this choppy environment. Most of these names are at or near all time highs or multi year highs. There are 40 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some financial stocks which may be starting to...
This chart says a lot about the last 12 months and will hopefully help guide into the next 12!
Alibaba making an interesting W-formation. Waiting for a break above the double top, or a retracement to the 20sma to go long. OBV and RSI are supportive of the movement, with OBV trending higher than previous peaks, and RSI above 67. Keeping on a watchlist.
Technical Analysis: 1. KWEB (Chinese Internet ETF): Expect a relief bounce here for Chinese Internet stocks ( BABA BIDU JD ) with a Hong Kong ( HKDOW ) & Shanghai ( DJSH ) market rally. a. Holding 200weekSMA and 50monthSMA support here at $44 with record volume twitter.com b. Very oversold on weekly timeframe c. Strong price support at...
Looking at support and RSI this time. RSI indicates oversold conditions, but prices may likely touch the support line again. It is safer to wait until prices touch the displayed support line, but the current price is also a well-tested support. Disclosure: I am long CWEB.
I am personally bullish on Chinese internet/tech companies longer term Just scoping out some zones where I could potentially add money into this investment I don't think we would actually get to the third buy zone, but I would most likely be loading the boat if we did Holdings: portfolios.morningstar.com