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WATCH $1211 SOMETHING IS AMISSSomething caught our attention on the weekly chart on $1211 BYD Company Limited on the HKEX. While the price is making higher high, we observed that the momentum is making a lower low forming a bearish momentum divergence. As you can see from the chart, each thrust momentum is diminishing forming a rising wedge which is a bearish price action. We foresee the momentum extinguish at the 3rd oscillation and eventually price will break down from the rising wedge into a bear cycle. Attractive R:R if you were to ask me. To achieve what others won't, you have to do what others don't“
HKEX:1211Short
by nexxtrade
REVIEW $3800Bullish Fundamental - Controlled inflationary Macro environment / boring sentiment in the East - Good theme - Carbon neutral / green - Funds Accumulation - Decent PE - Decent PEG - Decent P/FCF - Strong Sector / Industry / Leader - Great theme along with the CCP direction of carbon neutral Technical - - Momentum Theory Indicator - momentum consolidation / breakout - Price action formation ( Bull flag ) - Volume surged upon break out - Momentum broke out with volume surged and price broke out from flag pivot - Trend line - Price above 200MA - Price above POC as support Entry idea - Entry idea was based on few confluences - Price above POC - Price broke out pivot - Price broke out with volume surge and momentum break out Stop loss depending on entry and risk appetite. But always set meaningful stops. " Success is the sum of small efforts - repeated day in and day out. " Cheers and happy trading!
HKEX:3800Long
by nexxtrade
WATCH INDIA & XIAOMI $1810 Smartphone market in India - statistics & facts India will over take China and emerge as the largest population in the projected year 2100. Rising disposable income, cheaper internet, and the need to always stay connected are some of the factors that have led the Indian smartphone market to grow into one of the largest smartphone markets in the world. And with the entire nation glued to mobile phones ( like any other countries in the world ) It is undeniable that we cannot live without mobile devices. India will also emerge as one of the high growth economics moving forward. However, compared to other markets across the globe, India’s smartphone penetration rate is still relatively low. The demand for smartphones is likely to grow in the future as a considerable share of the population did not own a phone or were planning to switch from a feature phone to a smartphone. - 35% has no mobile phones & 45% owns mobile phones but not a smartphone. India has a huge potential uncovered market for mobile devices and home appliances for these 75% population whereby these two sectors will lead and grow as the fastest growing online products as the India develop. For your info, Xiaomi was one of the leading market shareholders in the Indian smartphone market. It sold phones under the brand names Mi, Redmi, and POCO. So technically, it should be on the number 1 spot. Not sure if you are aware, Xiaomi is undercutting the entire tech industry ( Mobile deceives & home appliances ) which covers the two sectors mentioned above that will lead and grow as the fastest online products Hope you enjoy my thesis and analysis on the fundamental. * not financial advice * my own analysis * pictures credit Statista Link to the technical as below. Cheers!
HKEX:1810Long
by nexxtrade
BYD.....She did it!Hello Traders, BYD did it. A new ATH in HKD @331.40 on a closing basis. Also, a good indicator for higher price is, that this high occurs with a strong volume. So more Traders are willing to pay higher price for BYD and bought at the top. My price target is valid, as I wrote in my later analysis. It is at or around HKD 380.- and it is the upper line of the trend channel. As long as BYD is trading above HK$286.60 the focus is to the upside with much bullish potential ahead. A break of the 210 range would open the door for a longer correction, possibly! Have a great week..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
HKEX:1211
by ruebennase
Tencent Holdings Ltd. (700-HK, BUY)1Q Miss and COVID Likely Delays Recovery, but Easing Regulations Should Support Investor Sentiment; Maintain BUY and Decreasing PT to HK$400 HKEX:700 We are maintaining our BUY rating but decreasing PT to HK$400 (was HK$475) after Tencent reported 1Q earnings miss and implied continued macro challenges for 2Q. Domestic game revenue declined 1% y/y. Int'l game revenue grew 8% CC y/y (vs. +24% in 4Q, excluding onetime accounting adjustments), accounting for 24% (flat y/y) of total game revenue. Advertising revenue took the biggest hit from COVID lockdowns and declined 18% y/y (vs. -13% in 4Q). FinTech+Cloud growth also decelerated to +10% y/y (vs. +25% in 4Q). On the last earnings call, mgmt. indicated a recovery could happen in 2H. But given the prolonged lockdowns in some cities including Shanghai and the weakness in recent macro data, we think the recovery will be further relayed to 4Q. In 1Q, the company repurchased 8,864,400 shares for approximately HKD3,697 million. Overall, while the operating environment will likely remain challenging in the near term, we believe that, with strong operating cash flow, Tencent is better positioned to take the opportunity to build around its long-term strategic areas such as int'l games, Video Accounts, and SaaS offerings. Moreover, while it will take time to see the benefits, the Chinese government is easing regulations for the digital economy, which should give investors more confidence in the sector
HKEX:700
by TigerBrokers
BYD.....Only one more step....to new ATH!Hello Traders, BYD, the Chinese electric vehicle car-maker, is on the run to set a new ATH in HK$! Not yet it happened, but it is a „question“ of days to my view. BYD has sold, 144203 from January-April 2022 electric units, placed on 3rd ; after SAIC and TESLA. In April, it sold 104854 units in Plugin vehicle. These are stunning numbers! And BYD is only selling his cars in China! For the chart to speak, BYD is moving in a trending channel, and the target area ranges from 256 HK$ to 370.6 HK$, depending on if and when it will be achieved. On the other hand, there is potential to decline to the mid-line of the channel, which is running @ 250 area for the month of June. Short term the stock is a bit „over-bought“ (Slow Stoch; 13,5,8) and there could be a „pause“ in the trend. At 309.8 HK$ there is the ATH based on a closing price and it needs to take this out of market to set a new buy-signal. Anyway, it is a remarkable number of sales and I think BYD will be one of the important players in that market for the future. Have a great week..... Ruebennase
HKEX:1211
by ruebennase