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JICPT| Tencent pending breakout to challenge bearish structures!Hello everyone. It seems HK investors calmed down a bit regarding the tightened regulation on tech companies from Beijing. Let's have a look at Tencent. On the weekly chart, price has closed above key level of 477(flip and moving average). The emotional selling seems to be over. On the daily chart, price refused to create lower low with a nice gap-up formed today, indicating strong momentum. But I do notice trouble zone of 510-523 ahead . I will pay close attention on the arrival and candle formation. The firm supply zone is 570-580 . I guess huge selling pressure there. Let's get back to the basic. I don't believe government want to kill the techs. The change is from no regulation to regulation. In the long term, regulation helps tech companies to grow in a sustainable way. So, I'm bullish on Tencent for the long run. What's your opinion? Feel free to post your comment below.
HKEX:700Long
by JICPT
China Tower Achieves CNY 42.67 Bn in Revenue in H1 2021Benefiting from the pulling effect of 5G construction, China Tower revenue and profit have gradually increased in recent reporting periods. On August 9, 2021, China Tower released the H1 interim performance of 2021. According to the financial report, the company achieved operating revenue of CNY 42.67 billion in the first half of the year, up 7.2% year-on-year. The net profit of the company reached CNY 3.46 billion, a year-on-year increase of 16.1%. At the same time, more surprising is that the company's capital expenditure has been reduced to CNY 10.36 billion, down 27.6% compared with the same period last year. Revenue from 5G is the driving force to its remarkable performance. Jilu Tong, the CEO of China Tower, said at the 2021 interim performance meeting that 5G contributed 64.1% to the company's revenue. In the first half of this year, about 256,000 5G construction projects were completed in China, of which 97% were conducted using existing towers, leading the whole work. China Tower has also drawn wide attention, with China Telecom and China Mobile returning to the A-share market one after another. For this rumor, the company responded that the company has no plan to return to the A-share market at this meeting. For full articles with the charts, please visit the original link.
HKEX:788
by EqualOcean
XIAOMI.....A glory future for the company? (2)Hello Traders, Update for XIAOMI! At January 4th, the stock set it's ATH @ 35.90 HK$! Since, the stock is in a corrective mode, which is not done to the downside. Either we see a wave 3 at the top and wave 4 was done on March 8 @ 20.65 HK$ or, and it would fit much better to my view, we have a complete 5 waves at the top, with a wave a/w at 20.65, a wave b/x at 30.45 and a wave c/y to come! What makes the difference between both alternates? A wave c must run below the wave a low, to make a „normal“ flat done; at 15.20 waves c=a! A “running-flat“, what is counted as w-x-y would end with wave y above the low of wave w; in this case above 20,62! A common target for this idea should be at or around the 21.05! Here, wave y would be a 0.618 length of wave w! Right now, the stock is trading close to it's MA50 (what is nearby the MA 200, day); so a break to the downside of this level would strengthen the odds for more weakness to come (daily-close)! I would wait for a clear argument to buy the stock; yet the time has not come! Have a great week.... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
HKEX:1810
by ruebennase
1
Geely Auto Cup and Handle Strong Buy ENG/DEIf Geely Auto closes above 29.65HKD in the next week, the cup would be completed with Henkel and would have Short-Term to Medium-Term a price target of 38.45 / 44.80 / 49.30 / 57.90 HKD Over the long term (1-5 years), a price increase of up to 581.90HKD to 1493.90HKD would be possible. The Geely Holdings has a joint venture with Daimler DE Wenn Geely Auto in der nächsten Woche über 29.65HKD schließt, wäre die Tasse mit Henkel abgeschlossen und hätte Kurzfristige bis mittelfristige ein Kursziele von 38.45 / 44.80 / 49.30 / 57.90 HKD Übergeordnet wäre Langfristig (1-5 Jahre) ein Kursanstieg von bis zu 581.90HKD bis 1493.90HKD möglich. Die Geely Holdings hat ein Joint Ventures mit Daimler
HKEX:175Long
by Highrisk221
2