How to buy when the stock has gone up 90% straight up?Oh no........the stock has gone up like an arrow, it looks so scary........can buy or not ?Longby dchua19690
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. Longby dchua19693
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 ?Longby dchua19690
longer term for Tencent is BullishReferring to the weekly chart, we can see a strong bullish candle piercing above the resistance line at 396.6. With the strong government measures benefitting all sectors (not Banks) , I expect the rally in Tencent to continue with more sales revenues coming in for Labour Day (1st Oct ) and Singles Day...... Let's wait for a good pullback and add more to this amazing company....Longby dchua19690
Hong Kong Stock Exchange Testing HKD 293 ResistanceThe Hong Kong and China stock markets have seen a rebound in recent months. The Hong Kong Stock Exchange is the main direct beneficiary as trading volumes return strongly. The share price is testing the HKD 293 resistance with a strong upward movement. I remain optimistic about the HKSE, believing that Asian equities will come back stronger after the FED cuts rates. Longby ZhengQian0
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_Camacho4Longby Marcos_Camacho1
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?Longby FytaLO111
BYD Short: End of Double combinationThis call is based on what I observed to be the completion of 2 corrective A-B-Cs (in green) with the 2nd C wave as an ending diagonal. Take note that there is a minor trendline (in green) that is also broken. The stop for this idea is around 250HKD and the first TP is at 203HKD.Shortby yuchaosng110
Amazing!!! 9988 On The Rise After I sold The StockAgain!!! Amazing!!!! It is as if because I was holding to some stock of Alibaba... So a bunch of Whales purposely do stupid shit to this stocks and refuse to let it rise!!! And now that I have sold it!!! The Whales lost the interest and up up up up up it goes!!! I wonder who are the whales with so much money willing to spend trillions and trillions of dollars on this type of stupid shit!!!!Longby WorkaholicTan2
This time is different?Technical: It has hold the major 200 ma on daily timeframe with ma30, 50 support The $120 resistance (tested for 11 weeks) from ma 100 weekly timeframe will likely to become support since the daily timeframe holds and form a short base throughout Aug. Currently at the low point of trend continuation after weekly timeframe pullback since may 2024. If there is lack of momentum to breakout , it will likely to test back the 100 level, and could even breakthrough it to create a deeper retracement. as 11 weeks of testing $120 could be distribution rather than accumulation . However, I think distribution is less likely given fundamental support of the company and still able accumulate right now at $120 and target >$160. My first call is at $113 and this is my second call. by Heidiii_F110
HK9926 chance to breakout from its long term range? With its oversea partner (US.SMMT) breakout and achieve 10x in a year, I think HK9926 is likely to breakout and extend its range, to form a leg, from current long term range. HK9926 still have momentum and see if it can breakout through this momentum, I think currently is still a buy. There are still some catalyst coming this september and see if it can hold this current price range above $60. But I won't chace SMMT as it is over-extended in weekly timeframe and could experience a retracement. Longby Heidiii_F0
Low price is not a MUST to go LONG for stocksYes, there is still an ongoing trend with the bubble trend in many countries and Baichadao is one new entrant. However, the financial figures indicate that it could be losing market shares from competitors like Starbucks China (global brand and also suffering weakening revenues as consumers tend to spend more). This consolidation stage can last from weeks to months or years as we have seen in many stocks so do not fall for the trap that low prices means you are scooping in for a bargain. Do your own due diligence. Is there an economic moat ? In the same mall, if someone is not buying Starbucks but choose to go for Baichadao , then the overall beverage industry is not expanding but merely passing from one brand to another. Is the reveneue steadily increasing for the last 5 years? It is a new company so it has a lot to prove itself.....by dchua19691
Hongkong & China Gas: Do not let up!We stick to our primary assumption that the price should make another attempt to overcome the resistance at HK$6.77 and succeed this time. Finally, as part of the magenta wave (4), we expect the price to rise into our same colored Zone (between HK$8.44 and HK$9.19). Investors could open short positions within this range, with stops placed about 1% above the upper edge. The last leg of the beige wave II should then trigger larger sell-offs. However, we consider it 44% likely that the price is already on the home stretch of this correction. This scenario will be triggered by a fall below our grayed-out Zone. It calls for a fall into the southern Zone between HK$4.73 and HK$3.58 in turquoise. by MarketIntel0
Long trade NNFX algorithm Indicators show long movement continuation TP 1 ATR SL 1.5 ATR Longby kostastrovas0
Tencent Holdings LtdIs Tencent Stock a Buy Now? Tencent posted its third quarter earnings report on Nov. 16. The Chinese tech giant's revenue fell 2% year over year to 140.1 billion yuan ($19.8 billion), which represented its second consecutive quarter of declining revenue since its IPO in 2004. Its net profit rose 1% to 39.9 billion yuan ($5.6 billion). On an adjusted basis, which excludes its investments and other one-time items, its net profit grew 2% to 32.3 billion yuan ($4.5 billion). Those growth rates seem anemic, but Tencent's stock had already been cut in half over the past two years amid concerns about China's tightening regulations, slowing economic growth, and COVID19 lockdowns. So is it the right time to take the contrarian view and buy Tencent as a turnaround play? Let's review its core businesses and valuations to decide. Tencent generated 31% of its third quarter revenue from its video game business. Domestic games, which include its blockbuster game Honor of Kings, accounted for 73% of that total. The remaining 27% came from overseas hits like League of Legends, Valorant, and PUBG Mobile.Its domestic gaming revenue fell 7% year over year, representing its third consecutive quarter of shrinking revenue, as it grappled with tighter playtime restrictions for minors in China over the past year. Those restrictions also coincided with a temporary suspension on new video game approvals in China, which started last July and ended this April.Its international gaming revenue rose 3% year over year, accelerating from its 1% decline in the second quarter, as new games like Tower of Fantasy and Goddess of Victory: Nikke attracted new players. Unfortunately, its overseas growth still couldn't offset its declining domestic revenue. As a result, Tencent's total VAS (value-added service) revenue which includes its gaming divisions, social media platforms, and streaming media subscriptions -- declined by 3% in the third quarter but still accounted for more than half of its top line. This core business might gradually stabilize as Tencent expands its international gaming business, but it will likely remain under intense pressure as long as the Chinese government continues to scrutinize the gaming industry. 200$ was one of the biggest support and great opportunity to buying the dip. 300-320$ is a big resistance level for tencent and if bulls win that battle then 350$ is next but can we back 250 or even 200$ again? YES by moonyptoUpdated 111114
Ping An Insurance - getting closer to another breakoutThe support at 29.85 was fairly strong and the price point proven itself to a minor rally but ain't strong enough to break out from the bearish trend line. We are at this juncture once more where it could either break out soon and continues rally or revisit the support line at 29.85 , consolidate for a while more before the breakout, hopefully not a breakdown. It pays a good stable dividend of over 7% and is pretty diversified in tech, insurance both online and offline and secure businesses from the government as well. At its peak, it was well over 100 and now at 35, it is almost a 70% fall from its glorious days. Good to accumulate and wait out for the tide to turn around.......... Longby dchua19690
Continued uptrend likely for China CoalChina Coal is looking at a continued upside ever since it has been trending on an upward trend for a year. Maintain buy Longby William-trading0
1398 ICBC - Breaking out from long term down trendbullish in the mid term 1-2 years as it breaks out of downtrendLongby FIRE_CAPITAL_SG0
Bottom ZoneWe are in a broad bottom zone that has begun to be built in the end of March already There were chances for short term traders espcecially at the end of April to the end of May when Xpeng tried to beak out of the range. Finally the range has been confirmed and may be considered as bottom building . The Bollinger Band is confirming the undecidedness of the market at present. Thus everything is posssible from here. But as I consider Xpeng being a healthy company and the stock had lost about 90 % of its top prices I prefer the upside to be challenged. Mind that the present support is in force since October 2022 already which was the Covid low.Longby motleifaulUpdated 5
TRIP.com / Beginning of Up Trend Stock Beginning of the trend Stock, breaking the Wyckoff accumulation Phase and has Volume Profile Normal Distribution Support The volume from Accumulation Phase has not yet been sold out. It can continue with accumulated volume with first target at 261.8 Fibonacci Retracement and cluster with 161.8 of Fibonacci Extension. Strategy Buy on dip at 368 - 390 for buy set 1 and if the price drops to 368, there is still buy set 2 at prices 330-355 by waiting for Reversal Pattern. Trading in your plan with your faith, C.Goii Super TraderLongby CoachGoii_SuperTrader11
Who will be the King of Road in the next 5-10 years ?If you have not had a chance of taking a driverless taxi or robotaxi as it is commonly known, then you may be in for a culture shock when you take one. It's like an invisible driver seating in front of you, keeping his mouth shut and focus exclusively on bringing you from one point to another. Just like Uber, Grab, Lyft initially, they burnt cash to grab market shares. A 45 mins drive in Wuhan, China costs only less than 12 RMB , slashing the prices of the human taxis by a lot. Already, these drivers are protesting for their rice bowl and I believe if this trend continues, more cities will adopt this technology and these drivers will become jobless. I will likely nibble some Baidu shares when it retraces today !by dchua19692
Stock Analysis - GWM(2333)Conditions that make it interesting. In timeframe - Week 1. Price Break out Accumulation Zone(Blue Zone) 2. Price Break out Bollinger Band 3. EPS returns to growth 4. P/E is in the low zone Technical ReboundLongby August_Supertrader7
Why I am not buying Baidu ?as you can see , it is still within the bearish channel, no indication of trend reversal pattern. So what's the hurry? It might goes lower. To me, TA is reactive, our roles should be when this pattern emerges, what am I going to do? Let your research work - fundamentals secure you on the selection process. Everyone uses different metrics..... Could it revisits its Oct 22 low of 73 price level ? I doubt so but it is possible so let the chart plays out and then decide the next course of action. Our role is not to predict how the patterns will play out using our preferred imagination , confirmation biases , etc and disillusioned our mind. Like I said, buying the stock takes less than 30 seconds but once it is purchased, you have to watch it grow either upwards, sideway or downwards. Over time, this will affect your mood as you either see profits, stagnant or losses. The blame game starts why didn't I ? So rather than regrets , it is wiser to be discipline to do all the preparation work. And no need to worry too much about missing the boat, the market always offer opportunities for you to get in, maybe not at rock bottom but is better to ride the right trend than to buy at cheapest and hold on for months/years before it rallys. Opportunity costs !by dchua1969Updated 2210