PDD
3 Chinese stocks that generate 50% returns and moreOne of the latest in my portfolio, BZUN has registered nearly 50% returns since we longed at 28.97. This is an e commerce stock in China. Read more here .
The second one is Pinduoduo stock where I covered in last November. This one has given us more than 170% returns thus far. Read about their news here
The last one is ZA Online stock which I recently acquired. This has given me 68% returns in less than a month.
I believe God will continue to bless us abundantly in our wealth creation and accumulation.
$PDD in an Impulse Wave 3 after IPOIf in fact Wave is as marked, I have 161.8% and 261.8% Extension measured, Wave 4's 50% Retracement, and Wave 5's Extension of Wave 3.
Wave 3 has already violated the 161.8% Extension.
Disclaimer: I have been trading in the markets for about a year. After several months of charting various instruments, my eyes have gotten trained to recognize different candle formation patterns like Bear & Bull Flags, Head & Shoulders, and others. This was good. But, not enough for me to accurately forecast the next following moves and market structure after these patterns had been completed.
For me my next evolution as a Trader came with a more fine-tuned approach to Market Structure, The Elliott Wave Theory. There are two books that were recommended to me as I started this journey.
1. Elliott Wave Principle: Key to Market Behavior by Robert Prechter and A. J. Frost, www.elliottwave.com
2. Visual Guide to Elliott Wave Trading by Wayne Gorman and Jeffrey Kennedy, www.elliottwave.com
I am still learning. I accept the fact that my analysis may be wrong. But, these are my charts as I continue my journey. I am open to all feedback on my analysis as I continue to improve.
Stocks Better then AMZN: PDD, HFG, ADYEN, SHOP, 3690My list of stocks wich i hold in may-june and enjoyed their perfomance:
On-line retail platforms and covid gainers
PDD (Pinduoduo)
HFG (Hello Fresh)
ADYEN (Adyen)
SHOP (Shopify)
3690 (Meituan Dianping)
Adyen have a great potencial to go up, and all of this companies have a great potencial next 3 years.
I reccomend to buy warrants for 2022-2023 year.
THE WEEK AHEAD: PDD, BIDU, TGT, NVDA, LOW EARNINGSEARNINGS:
PDD (72/92): Friday, before market open.
BIDU (81/61): Monday, before market open.
TGT (55/49): Wednesday, after market close.
NVDA (51/62): Thursday, before market open.
LOW (51/63): Wednesday, after market close.
Both PDD and BIDU are ADR's, so look to put on plays post-announcement to catch earnings afterglow, if at all. The dates of their announcements tend to be "soft," meaning they're subject to change, and there's nothing more disconcerting than putting on a volatility contraction play, only to have earnings not occur when they're initially supposed to.
Pictured here is an NVDA short strangle in the June cycle with break evens wide of one standard deviation. Off hours, it's pricing out at 10.35, but markets are wide. Because it's rather large, consider going iron condor, looking to collect at least one third the width of the wings in credit (e.g., the June 19th 275/280/405/410, paying 1.73 at the mid price).
SECTOR EXCHANGE-TRADED FUNDS, ORDERED BY RANK AND SCREENED FOR >30-DAY IMPLIED:
SLV (57/41)
EWW (56/46)
GDXJ (51/61)
SMH (49/49)
GDX (44/51)
XLE (44/52)
EWZ (44/60)
EEM (44/60)
XLU (42/31)
XOP (34/67)
USO (13/78)
BROAD MARKET, ORDERED BY RANK:
IWM (60/47)
TQQQ (53/99)
EEM (43/34)
QQQ (36/32)
SPY (33/31)
IRA DIVIDEND-PAYERS ORDERED BY RANK:
IYR (61/44)
EWA (49/42)
EWZ (44/60)
EEM (43/34)
XLU (42/31)
EFA (38/28)
HYG (34/19)
SPY (33/31)
EMB (27/22)
TLT (24/20)
With acquisitional plays for a retirement account, it's not necessarily "all about the premium"; it's partly about price, so it will pay to look at a few charts to determine which of these are trading at a discount relative to where they've been. That being said, having a higher background implied is of benefit, since it will result in a lower break even relative to strike price than were implied not as high and getting in lower is always better in the retirement account. For instance, I'm not in "acquisition mode" for TLT, not only because of its low implied, but because it's at or near all-time highs, moves inversely to yield, and doesn't necessarily have all that much room to move higher given the current interest rate environment. Conversely, EMB and HYG implied aren't all that great (treasury and/or bond funds are not known for having high volatility, generally), but both got absolutely crushed in the mid-March closely correlated sell-off, so I could see selling out-of-the-money puts in those instruments, assuming they were at levels I'd be comfortable with acquiring. (See HYG, EMB Posts Below).
Granted, these are large ticket items and not everyone is going to be able to go out there and sell a three-rung, SPY 16 delta short put ladder; the price tag is hefty. However, implied metrics can be informational for even those with smaller accounts. At the very least, these metrics are saying: "Look at me. I'm moving", and -- in the vast majority of cases -- they say, I've moved lower and that this may be the time to pick up some shares, even if they're fractional. Over time, fractional shares aggregate into one lots that you can proceed to cover and reduce cost basis more efficiently, as well as generate cash flow on top of dividends.
PDD AB=CD pattern since IPOPDD keeps making new all time high recently and 2 weeks later there'll be their earning report.
Here we got this huge AB=CD pattern finished @ 60.00, which may make me turn a little bit bearish mindset.
At least, no longer would like to long in this spot before the ER,
a pullback to 50.00 spot may also be a good long though.
Let's see how it goes yo!
PDD 4 classical trades after IPO.PDD had rallied for more than 15% after its news with NTES.
It had an inside day yesterday, here we got 4 different trades in the same daily chart.
1. Bearish bat
2. 2618+demand zone
3. inside day breakout after pivot high
4. inside day breakdown after 0.618
and actually I like all of them!
so let's see how it goes!!
PDD 1st inside day after IPO,let's see how momentum worksThere are plenty of bear news after this IPO to break its initial price 19.00 yesterday.
People in China keep on making fun of the quality on this platform recently, many of which are genius lol.
Still, to short an IPO is not that easy so that we can take the recent slump as profit taking and stop loss selling cycle,
when it's already in 19.00 and form an inside day, to long the breakout is still a trade that worth the risk (only if having gigantic risk appetite) .
On the other hand, if it breaks to the downside, the panic momentum would probably make new lower low than the mother bar.
So it'll be interesting to watch how the market deals with this inside day, and maybe use some tiny risk to take part in the party for me.
Let's see how it goes!