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GEELY AUTO BUY/LONG NOW READY! 18.70 to Potentially 50.00TICKER CODE: 175 Company Name: GEELY AUTO Industry: Hong Kong Stocks Consumer Durables Motor Vehicles Position Proposed: BUY (20.55-18.70) BUY ENTRY: READY (20.55-18.70) 1st Partial Take Profit: 39.00-40.00 (End 2021) 2nd Partial Take Profit: 50.00(Mid 2022) Stop Loss: 15.90 Technical Analysis 1. FALLING MEGAPHONE PATTERN (PARTIALLY COMPLETED ) 2. Break out from megaphone pattern 3. Fibonacci Retracement at 0.786(Scenerio 2) 4. Safest Take Profit will land equivalent to the key structure and level 1 of Fibonacci Expansion Grey Zone which is also equivalent to the pole length 5. 2nd Take Profit will land on level 2 of Fibonacci Expansion Blue Zone
HKEX:175Long
by traderprosignals
Long Xiaomi - quality, expansion with innovationI've been quite impressed with Xiaomi products, not just their innovation in smartphones, but their appliances which I use at home and see around the office (eg vaccuums, air purifiers). They have impressive growth in markets outside of China (Europe, Asia - SEA, India) and continue to expand their innovation and product offering - news even about them investing in EVs business. US had recently removed them from the list of Chinese companies blacklisted and there could be potential to open their market in US, although they are still expanding without the US. Their new folding phone looks quite solid against Samsungs too and their products while cheaper in price are known for their quality. I'd look to add to my position with any dips in current price for a long term hold.
HKEX:1810Long
by andrethegiant3000
Steamboat for dinner, anyone ?With the China economy reporting better trade figures and vaccines being distributed very quickly, I am confident the restaurants businesses will return to its pre-pandemic level soon. This stock has dropped 40+% from the peak and I am accumulating more of it. The founder is a strategic businessman, leveraging on the property prices falling during the Covid-19 time to bargain for cheaper rent, I believe. Or maybe, bought some under the company name. I would do that if I have the money ,haha. Please do your own due diligence.
HKEX:6862Long
by dchua1969
700 (TENCENT) POTENTIAL SELL INCOMING at 588.5 to 419.5TICKER CODE: 700 Company Name: Tencent Holdings Ltd Industry: Communication Services | Internet Content & Information Position Proposed: SELL Technical Analysis 1. Falling Wedge Pattern (Potentially forming) 2. Large Head & Shoulders (Potentially forming) 3. Fibonacci Retracement at 0.786 is at key market structure 4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole Analytical Assumption Monthly chart has not done any proper retracement to any market structure hence, we are looking for a deep pullback. This deep pullback will hit previous resistance which is now the new support Sell Exit: 588.5 Buy Entry: NOT READY (379.5-419.5) 1st Partial Take Profit: 867.0 (July-End 2022) 2nd Partial Take Profit: 1146.0 (2023) Stop Loss: 355.0 This chart will be monitored and updated on a closer date or when more data is presented.
HKEX:700Short
by traderprosignals
1810 (Xiaomi) SELL FIRST!! BUY/LONG at 15.00 to rise to 41.20!TICKER CODE: 1810 Company Name: Xiaomi Corp Industry: Technology | Consumer Electronics| Hong Kong Position Proposed: SELL Technical Analysis 1. Rising Wedge / Pennant (Forming) 2. Fibonacci Exhaustion Level at Final Peaked 4.236 3. Potential to reach Fibonacci Retracement to reach 0.786 after Flagpole completes 4. Potential Break and Retest of Area of Confluence with 1 Trendline and Horizontal Resistance 5. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) at the length of Flagpole Price Range Buy Entry: NOT READY (15.00-16.00) 1st Partial Take Profit: 41.20 (End 2021) 2nd Partial Take Profit: 57.65 (Early-Mid 2022) Stop Loss: 11.00
HKEX:1810Short
by traderprosignals