LONG 9988 (Alibaba) Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
LONG 3690 (Meituan) Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Meituan (3690 HK) [1-3 weeks view]This is an analysis for a client.
Price is reacting at a key monthly support.
Stochastic is on support where price bounced in the past as well.
Please do your own due diligence.
Losses can happen so please understand your risks and investment objectives first.
Fosun Pharma Long Long consolidation in mid 2020 till now for almost 1 year now.
Prices looks like it is ready to move up further to 50-52, so long as $30 stands as a strong support.
The far leg target to be 75-80.
AngAng (Red in Hokkien ) hot Steel. Updated 8 May 2021Price have broken the wedge pattern upper line.. Estimate price "may" reach around $16...
P/s. Traders should have independent view and strict proper risk management before trading any leverage instruments. without blindly following any trading ideas from others
Baic Motor is completely undervalued It reached what appears to be a bottom on March 15.
It is almost 80% below its all-time high of January 2018.
The awesome oscillator is on the downside, heralding a possible reversal.
Although last year its profits fell compared to 2019, the trend is still upward, that is, it is becoming more profitable, with 2020 being an exception.
It is one of the largest car manufacturers in China, also having a presence in various parts of South America and Asia, whose models sell quite well.
It is working to develop new technology and introduce more electric vehicles to its fleet.
In general it has good fundamental and future potential, I still think that its price is unjustified.
If you want to have more details about the company, I recommend reading its 2020 annual report.
HKEX:1958
OTC:BMCLF
OTC:BCCMY
CNOOC is approaching support Prices are approaching support in line with our ascending trend line where we could see an upside above this level.
AIA is facing bullish pressure Prices are facing bullish pressure from our support and could see a further upside above this level.
Key levels to watch on Sands ChinaThese are the key levels to watch for Sands China. Prices are testing support where we could see limited upside
Sands China is approaching resistance, potential reversal Prices are approaching our resistance in line with our descending trend line, 61.8% retracement and 61.8% extension where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
<TradeVSA> Continuation in Uptrend from Pullback - Li NingSign of Strength in the chart:
1. Green Pentagon above 20/40ma
2. Pullback with Spring near 20ma
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> COSCO Breakout from VCPSign of Strength in the chart:
1. VCP in Re-accumulation
2. Pullback to re-test support
3. Continuation in Uptrend
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Stormy weather for Tencent Read latest article here
From Alibaba hefty penalty, we are now seeing the Chinese government going after Tencent.
We could possibly see the 600 support for Tencent to breakdown and if it does, then we expect
the next level of support to be the 500 level. That would really be an attractive offer to accumulate more of this shares.
It's subsidiary, Tencent Music Entertainment has not been spared as well........plunging from a peak of 30 to current 17.80, almost 50% fall and the selling looks not quite done.
I believe this is a short term correction and we will soon this company recover soon. Be patient for now as it roughs it through the dark valley....
$2660 Zengame Tech (HKSE)On 26/4 price broke through symmetrical triangle in upward trend (continuation). Volume on break was 2.4x of 10 day MA and closing price was 6% away from trend line. Waited one day as break was right near apex and price tested the 10 day EMA, which held as support and signal to enter. Bought @ 1.19 (next support level and below the cradle). Will look to add on if price breaks 1.44. TP 1 = 1.89 (52 week high) TP 2 = 2.08 (triangle distance)
