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Buy 0883.hk CNOOC LIMITED @ HK $18.1Buy CNOOC here due to the following technical and fundamental reasons: Technical -50% Retracement of the last move up - Support at 50 Day moving average at about $18.00 Fundamental - 2014 Forward PE ratio of 5.5 - Growth in South China sea fields. - Recent China govt policy support of the stock market - Highly supportive dividend yield of 8% - Strong balance sheet - Still a very solid production growth outlook Risks - Extreme geopolitical tension may cause foreigners to be blocked out of trading Chinese equities, even if listed in Hong Kong (Like happened with Gazprom) Target: HK $28 within 1 year Stop: HK$ 15.00 Risk / Reward: 1:3
HKEX:883Long
by kavijh
1952 - 2 years ASCENDING TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
HKEX:1952Long
by TheArtOfCharting
Accumulating more of this company, MeituanAlready the market leader in food delivery in China, this amazing company is set to grow further. Inflationary or deflationary environment, people still have to eat and at today's 10-20 set meal being pushed out , the consumer's review on its platform become a first seek out approach to eating out/in. On top of that, people are also using this app to order travel tickets , concert tickets etc. I am equally excited about its investment in the drones sectors where it would replace some of the manual delivery workers in harder to reach destinations - mountaintops, rural villages where it is difficult to travel by road. I hope it would come down to the accumulation zone so I could add more shares. Please DYODD
HKEX:83690Long
by dchua1969
How to capture this kind of move ?A follower asked me how to capture stocks move like this ? My answer is I don't know coz it is more speculative than fundamentals. In the world of securities or brokerage firms, it is hard to have an economic moat. For example, I am using Webull, Moomoo and Tiger brokers in SG for a simple reason - cheap transaction fees and diversification. But I do not own shares in any of them. It is due to the massive stimulus offered by China government and many hundreds of thousands newbie account holders rush to open a trading account with these brokerage firms. Naturally, sales increase especially over the last two days when the locals are back from the Golden week holidays. Those who like speculative , quick gains and can take the emotional roller coaster ride may enjoy such trades but not me. Just like swimming, not everyone is into 50 or 100m sprint but rather enjoy the slow, relaxed longer swim that could clock 1000-3000m. To each his own and that goes for the stock market as well.
HKEX:3908
by dchua1969
Why Chinese Stocks may be risky for the time beingRecent moves by the Chinese Government - termed "Three Arrows", facilitated a decrease of interest rates among various other changes of policy made for loans, borrowing and payment etc. This cumulated action signalled to investor's that China was reopening its economy, thus leading to a huge surge in investment in Chinese Blue Chip stocks, and the entire stock market in the region, including the Hong Kong Market. However, as stocks surge in price with increasing volume, it must be noted that they have been over-bought - 20-30% growth on average before the policies are even put in place. For instance, stocks like the HK exchange itself HK:0388 experienced a doubling in price. This, along with the fact that ETFs of the Chinese markets in Singapore and Taiwan both received much more purchasing power than even the Chinese markets themselves, highlight a significant irrationality in the markets right now. Considering the correction in trends recently, it would not be advisable to purchase stocks in the Chinese markets right now.
HKEX:1398
by AlphaTigerInvestments
Heard the 10am package is not fantastic, so no hurry to chaseHmmm, was expecting some sort of fireworks this morning, a little disappointed......who knows after 10am when they released the news. But I heard it is not so great, so analysts may provide more take profits call, selling while many retail investors in China (1st day returning to work after the Golden Week) have yet to get their account open. I am already vested in this Bank and earning good dividends since 2022 though the price has fallen quite a bit then. No need to FOMO and waste your bullets....... Please DYODD
HKEX:1398Long
by dchua1969
The message is CLEAR - stay away from this sector !!!!You have been warned - many content creators in the hope of pushing for viewership are blabbering about how hot the HK/China stock market will be. I agree that it is no longer about valuation but more on momentum. Many newbies have no idea how to invest in the stock market and are BLINDLY following the herds.......buying at high price to chase for tech, consumer staples, etc The FOMO effect is at its all time high.......Even lifestyle bloggers who have never dabble in stock market are also sharing their "expert knowledge" on buying the stocks now. All kinds of fake/half truths about how some make 5-6 figures in a few days and how some are selling their houses to raise cash and show hand at this "once a lifetime" opportunity. I do not know for sure if this rally is sustainable though I am vested in many of these stocks but followers would know I had been buying since the last 12 months or so when the valuation is much much cheaper and thus I have a wider margin of safety compared to buying it now. It is likely going to be volatile when next Tuesday market open , possibly causing many stocks to halt trading (once hit 10% intraday) or even causing the system to crash . Too many people want to queue and buy. Who is selling ? Those who had held the shares and wanted to get out. They may get out only to get in later as they see that the price is going higher and they want a piece of this cake as well. So this will push the price higher much like a snow ball effect and the last to catch - good luck to you ! I am bearish on the property sector and been digesting the many news I have gathered thus far and doubt the measures by the government will resolve the issues - oversupply of properties, aging population, high unemployment - these are not issues that any government can solve within a year or two. Many countries like Japan, Korea, Singapore , Thailand too face the aging population and all sorts of carrots - longer maternity leaves, cash incentives, etc have failed to move the fertility rate higher. I start to see the dots connecting about the recent increase in the retirement age in China. What if the funds are insufficient in the coffer to pay out to the retirees? So they have to buy time or kick the can down the road.......... Only the property developers and the agents have the vested interest to push for the properties - be it new launch or resale units. Most homeowners who already have their homes are sitting on the fence or are suffering from not able to pay their mortgage payment and face the consequence of their houses being foreclosed. Lastly, do not borrow money or go on margin or buy leverage products to bet on this rally. Only play with money you can afford to lose . Remember, HIGH RISK, HIGH RETURNS but most only see the last two words and totally forgot about the first two words - HIGH RISK. What if you are wrong ? What is your safety net ? Think rationally and not get overly emotional in the game of investment especially in this age of social media.
HKEX:6666
by dchua1969
1
Xiaomi (1810): Major Gains, Next Targets and Updated StrategyThe Hang Seng Index and its constituent stocks have been surging higher, with Xiaomi leading the charge 🚀. The setup we had on Xiaomi was quite similar to the one for Alibaba, featuring a tight stop-loss and a high risk-to-reward ratio, which, just like NYSE:BABA , worked out perfectly. Although we aimed to catch the end of wave (ii), we missed the entry by just a few HKD. Despite this, the position is now up an impressive 85% since we initially sent out the entry back in March. We have taken our first round of profits as we haven't locked in any gains yet, and we have moved our stop-loss to the break-even point. However, we are confident that Xiaomi will not revisit this level for a long time. We took profits upon reaching a key wave 3 extension level. While we expect further gains on the lower time frame, we must also respect what the higher time frame indicates. Whether it's longing wave (iv) or wave 4, the choice depends on whether we are right about the higher or also the lower time frame. On the higher time frame, we anticipate a maximum rise to 30 HKD before we see a significant correction. We believe there is still substantial upside potential for Xiaomi – it's only a matter of time. We'll keep monitoring both scenarios closely and act accordingly 📈.
HKEX:1810Long
by freeguy_by_wmc
Why I am accumulating this stock ? 9988To the many institutional and retail investors out of China, Alibaba is a well known made in China brand. Jack Ma is often seen giving speech in the western countries in the past and so naturally , retail investors are familiar with this company. I spoke about stickability before and brand recall is important when time is of essence. Like now, when all the rage in town now is talking about buying China stocks. Naturally, BAT (Baidu, Alibaba and Tencent) , three giant techs of China will be highly sought after much like the magnificent seven in US. Please DYODD
HKEX:9988Long
by dchua1969
2
NO, I am not buying property stocks It is a crazy China bull market run now and the index is continuing its rally day after day. One can get emotional and forget about the reasons for buying , choosing to base the buying criteria based on company fundamental and instead choose to go with the crowd. I am still of the opinion that the property market in China has still a LONG way to recover and will not be buying properties nor invest in property-related stocks. Yes, rising tide lift all boats and we can see those companies on the verge of bankruptcy or weakening sales year after year, high debts and unprofitable are also jumping on the bandwagon and rally to the moon. If you are trading for the short term and know clearly what you are doing, then it is fine. Please do not believe 100% what you read on the media, especially the China social media where they tell you people making 6 figures profits leveraging on their positions using options, margins or borrow money from friends/family to trade. This is purely speculation and super high risks. My humble advice is to stay out and not let GREED nor FEAR enter the market UNLESS you know what you are doing. I have always said invest/trade with money that you can afford to lose. Don't let your emotions get the better of you..... You have been warned......
HKEX:2202
by dchua1969
You should not buy when RSI is above 70, agree?Now, let's use this stock , 388 as an example. From 2021 to Sept 2024, it has been on a downtrend for 3 over years......... If we rely solely on the RSI indicators which states that sell when it is over 70 or buy when it is 30 or below then , one would be in deep trouble. The simple trend line is more meaningful and accurate as one can see from the chart. Whenever price hit the resistance level, it continues to falter albeit at a slower pace (death of a thousand cuts). Now, we are in the same situation where the RSI is way above 70 (91) which technically is a screaming SELL. Don't mess with the bull run coz it can be fast and furious like this recent rally. It has not taken a breather , yet and I think more stimulus will continue to be rolled out to entice the people and businesses to spend more money. Just think about it, those smart people who invented or sell you the indicators promising to make you lots of money, why don't they hide in their garage and make the millions quietly instead of selling you over the internet ? If I ever found a method that guarantee money making, I would not announce to the world until I am a multi millionaire ,hahahaha
HKEX:388
by dchua1969
Taking a bigger step back and see the whole picture now Now, when we analyse the same stock from a longer time frame, suddenly the long spike up does not look as scary anymore. Upon closer examination, one can see clearly that the price has been range bound since Nov 2021 which was the covid period. Haidilao famous for its restaurants hotpot was badly hit since people are stucked at home. Fast forward to today...........if you have missed the boat at the bottom price point of 11.48, does it really matter ? I would argue that the margin of safety is better once it has rallied and breaks above the resistance at 23.40. Remember, it is not the guy who spotted the lowest price and win the game but the one who is able to catch the trend and ride with it. Next profit target 30 then 50......how long will it takes ? I dunno, meanwhile I am enjoying my hotpot and see the restaurant full house and enjoying my 7% dividends while waiting for a bonus capital appreciation.....haha
HKEX:6862Long
by dchua1969
FOMO : Should we chase or not chase ?Using one of my favourite stock as an example, we can see from the weekly chart that price has gone up by 42% from the low of 190.6 which was the first buy zone. Second buy zone was at 264 price level and the third price was at 348. We can witness the 4th buy zone soon after it breaks above the resistance at 458. As it is a week long holidays in China, the market remain closed. What will happen after a week? I think the FOMO will continue as consumers are not gaining confidence from the government stimulus in both property and stock purchase. It could also retrace to the 400+ price level , afterall it has rallied continuously for a few consecutive days. A pull back is good ! Don't beat yourself up for missing the lowest price level at buy zone 1 ,it is fine so long as you ride the trend at buy zone 2 and/or 3.
HKEX:700Long
by dchua1969
Chinese consumers - will they spend more now with the stimulus ?Nobody knows until the next sets of data starts to roll in . With the upcoming Labour Day holidays, 1st Oct, it is reasonable to expect more Chinese will travel if not outbound , it will be inbound travel within the country. Hospitality , Food & Beverage sectors, entertainment, shopping malls should benefit from this holiday. We can see from the weekly chart that there is strong support at the 11.48 price level and a very nice bullish candle rallying with the recent government stimulus. With the past three days of rally, will this be a long term breakout or like before, a short lived one? I am more optimistic than before and has accumulated many consumer stocks and this is one of them. A place of gathering, family unions , friends party, etc - HDL is the place to go to with good service and numerous outlets to provide. I believe while waiting for its capital appreciation and one can still and collect 6% dividend is not a bad investment at all....... What do you think ?
HKEX:6862Long
by dchua1969
Statistical arbitrage, Short Tesla high valuation, buy BYDThe prevailing pessimism surrounding China and Tesla's high valuation create an opportunity for a statistical arbitrage strategy. In this setup, you could short Tesla or buy puts, while hedging the risk of a potential uptick in EV sales by going long on BYD stock or purchasing call options. The goal is to achieve a 'market-neutral' trade by balancing the downside risk in Tesla with the potential upside in BYD. The following chart simulates potential returns if you shorted one Tesla share for each BYD share. The blue arrow is were i enter my trade for testing just with one short share of tesla at 260 and 9 shares of 1211 (BYD) at 237. let see how it plays out. Have I missed anything? NASDAQ:TSLA HKEX:1211 Thanks the atencion let me know if i missed something, thanks.(open for discussion) @Marcos_Camacho4
HKEX:1211Long
by Marcos_Camacho
BYD - What next post-earnings and the BoC's stimulus?HKEX:1211 has had a strong year in growth prospects, reporting solid earnings growth thanks to its robust EV sales and expanding footprint in international markets. The recent earnings beat highlighted an impressive increase in revenue, driven by the demand for both their electric and hybrid vehicles. But what we can notice is that the stock has only reflected this as a c.16% rise in price YTD. However, the question now is: where does BYD go from here? - More recently, the BoC's latest stimulus measures, including rate cuts and support for the real estate sector, could indirectly benefit BYD. With increased liquidity and consumer confidence, domestic demand for EV's could rise, especially if coupled with additional green energy incentives. - As for the earnings release, the markets reacted well, and with this new-found optimism in the markets, with both the SEE Composite Index SSE:000001 and the Hang Seng Index TVC:HSI up 5.78% and 9.28% in the past 5 days, is this the turn-around for China as a whole?
HKEX:1211Long
by FytaLO
1