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Xiaomi updateA whopping 77% drop from the peak of 35.85 to a low of 8.50 in Oct 2022. It broke the first resistance at 14.26 and is now approaching the 2nd one at 16.88. If it breaks above with a bullish signal, I will add more slowly. It's launch of the Electric vehicle will give the likes of Tesla, BYD, Xpeng, NIO, etc a good run of their money. While the others are automotive business, Xiaomi has other revenue generating models to depend on - consumer electronics. Hopefully ,the EV segments will give it a much needed boost in the local market.
HKEX:1810
by dchua1969
1
Meituan Uptrend Line Price Rejection At 104.8 HKD 06.06.2024- Uptrendline price rejection observed at 104.8 HKD on Meituan's 4-hour chart. - If rejection holds, potential uptrend to 129.2 HKD. - Break above 129.2 HKD suggests further upside to 147.8 HKD. - Conversely, if rejection holds, potential downtrend to 95.00 HKD. - Break below 95.00 HKD may indicate further downside to 60.85 HKD. - Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)
HKEX:3690Long
by Stuart_Cowell
ICT Long setup of a Hong Kong stock: Tencent (700)👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in Hong Kong stock : 700 for Swing trade. Please refer to the details Stop loss, FVG(Buy Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
HKEX:700Long
by ICT_Trader_SB
1
ICT Long setup in a Hong Kong stock : 941👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in HK stock : 941 for Swing trade. Please refer to the details Stop loss, FVG(Buy Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
HKEX:941Long
by ICT_Trader_SB
9888 (BIDU) - Breakout and Bullish Retest9888 (BIDU) broke out and successfully retested on confluence of 0.786 fib and trendline support. This was after the rejection off the 200 day moving average, which is a healthy pullback for a solid entry. Hang Seng Index (HSI) also bounced off VWAP support today after catching a short break from a massive (and expected) run up. Technicals aside, the fact that BIDU is trading near book value calls for an opportunity for any well-diversified investor. A good entry is simply icing on the cake. Easy buy, both as a trade or an investment position.
HKEX:9888Long
by sooshiz
Xiaomi Drops but Strong Results & EV Entry Are SupportiveThe stock of Xiaomi posts its first losing week in more than a month, despite its mostly strong quarterly results on Thursday and the upgraded guidance on EV deliveries. The drop likely reflects the broader decline of the Hang Seng Index due to geopolitical concerns. It also makes sense from a technical standpoint, since it had reached highly overbought levels. It is now at a critical technical juncture, as it tests the 50 line on the RSI and is exposed to the 38.2% Fibonacci of this year’s advance. A breach of these levels would open the door to deeper correction that could challenge the EMA200 (black line) and the Ichimoku Cloud, but these levels can contains such moves. However, Xiaomi reported a 27% y/y increase in revenue in Q1 and 37.6% y/y rise in operating profits. Furthermore, its smartphone shipments increased and the No 3 maker globally can benefit from the expected recovery of the market, following last year’s contraction. Most importantly, the Chinese smartphone maker made its foray into electric vehicles this year, continuing to diversify and search for new growth markets. Demand for its SU7 sedan, deliveries of which began in late March, has been very high. It has already handed over 10,000 vehicles since May 15 and aims to deliver more than 100K units this year. Its entry into EVs has fueled a rally in its stock and can drive further gains. Even if there is risk of deeper pullback, the path of least resistance is higher, especially if the 38.2% Fibonacci holds. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
HKEX:1810Long
by FXCM
What will the future of JOBS be really, really like ??Read this IPO news here This article here is nothing new as we are witnessing a change of the job market landscape exacerbated or accelerated by the Covid-19 pandemic. See article here How big is the food delivery market globally? See here In Singapore recently, someone claimed they could make almost S$9000 a month from this food delivery business. This is close to what a General manager pay in a company. This makes me think hard, do my kids really need a degree i n the coming years to earn a job ? I explore one of this GIG economy stock here . Come to think of it, many of this ad hoc jobs tend to sit with some form of creative skills. Another area that I look at is the GAMING industries where many young people prefer to work in - youtube influencer, voice artists, creating avatar, content editing, etc. Naturally, some of the gaming stocks that I like are here , here and here I also analysed where parents in China will spend their money on for their kids - EDUCATION comes up top and we did make excellent profit for a year or so until the Chinese government steps in and crashed it . And in SG where I lived, I am seeing more and more young people starting out to become hawkers rather than using their degrees to earn a corporate job. I love talking to private hire drivers whenever I take a Grab with my family (before Covid) and many of them were holding high level positions like Directors, MD and some had PHDs as well. Some reached a certain age (especially over 40) and find it hard to get back to the 9 to 5 job anymore so they switch to becoming a private hire driver where they have more control of their time. In a time where inflation are soaring, property prices are going up the roof and food prices are skyrocketing, one MP made a suggestion to renew the University degrees every 5 years. Ridiculous ? Realistic ? Or plain out of touch with market ? Just when we think things are going smoothly for these aspiring media influencers, as remote as it is , a WAR could be the OBSTACLE to take away everything you have. Read article here So, I wonder, what will the future of JOBS be really, really like ? Please share your comments !!!
HKEX:3690Long
by dchua1969
Close to the Alltime LowThere is not much to say. Neither the indicators nor the chart picture indicate an immediate rise. And the monthly chart gives an impression of a complete loser from the very beginning. The purchase of the development branch from DiDi in 2023 gave only a glimpse of hope. But Xiaopeng is not a loser. The sales of cars are exploding. If there was a hype I would think that there must be reasons for the continuing drop, some kind of bad news. But there was no hype but a steady fall. And even if there are some bad news they can not eradicate the glorious success of the company for years. Now we are reaching the alltime low of 2022 again which may provide some hard support to the share. Good time for the market to take reality into account.
HKEX:9868Long
by motleifaul
13
Tencent (700): Ambitious Targets - Preparing for a BreakoutFor Tencent Holdings Ltd. on the Hong Kong Exchange, we're seeing a scenario where the subordinate Wave (2) has likely concluded between the 61.8% and 78.6% Fibonacci retracement levels around 260 HKD. We anticipate a breakout from this range heading upwards, ideally reaching the target zone for Wave (3) between 227% and 361.8% Fibonacci extensions, which translates to approximately 870 HKD to 1100 HKD. Though this target is quite ambitious, it remains plausible in the long-term scenario for Tencent. On the 4-hour chart for Tencent Holdings, we are observing a subordinate Wave 1 structure, which should be formed as a 5-wave structure heading upwards. The wave ((iii)) in this sequence has likely concluded at the high-volume node edge, fitting neatly between the 227.2% and 261.8% extension levels for Wave ((iii)). For the anticipated Wave ((iv)), we expect a more pronounced sell-off to between the 50% and 61.8% Fibonacci retracement levels, reaching down to our point of control, indicating significant buying interest at these levels. We'll place our stop-loss below the 61.8% Fibonacci level and beneath the maximum level where Wave ((iv)) can feasibly fall without invalidating our scenario. A brief dip into the level of Wave ((i)) is tolerable, but a prolonged stay would challenge the validity of our setup. We've also respected the trendline well, attempting a retest that should hold if valid, hence not anticipating a further drop. Our upward target is initially set at 416 HKD, beyond which we will look for new entries for a superior Wave 2 and continue to adjust our stop-loss from Wave ((iv)) accordingly.
HKEX:700Long
by freeguy_by_wmc
Xiaomi (1810): From Double Bottom to Skyrocket!At Xiaomi HKEX:1810 , unlike Alibaba, all financial data is in Hong Kong Dollars (HKD) since we are examining the stock on the Hong Kong Exchange. We observed a double bottom formation at 8.28 HKD for Wave II, which also coincides with the bottom edge of our Volume Node. From there, we've seen a significant rise, over 100%, in a relatively short period, with the low occurring at the end of 2022. Currently, we are in a range that has historically moved through very quickly, known as a Low Volume Node. We may either bounce back down from here or break swiftly upwards to around 21 HKD. Given that we are in Wave III, we anticipate surpassing the peak of Wave I significantly, targeting levels above 36 HKD. Now, let's take a closer look into our long-term perspective on the chart. Upon closely analyzing Xiaomi on the 4-hour chart, we note a commendable 33% rise from our entry for Wave ((ii)). Congratulations to all who participated in this trade. However, we've developed a bearish divergence on the RSI, indicating a potential decline to form Wave (ii), which should fall between the 50% and 100% levels. We've marked a significantly broad zone since we anticipate substantial upside potential, at least up to 36 HKD, which alone represents a at least 144% increase. It wouldn't make sense to rigidly exclude any scenarios, given our past observations of double bottoms forming for Wave 2. The most probable range for this correction, in our view, is between the 50% and 78.6% Fibonacci retracement levels. However, we cannot dismiss the possibility of reaching the full 100%. There is a Low-Volume Node between the 50% and 78.6% levels, suggesting that if we cannot hold the first Fib levels, we might quickly drop lower—another reason for our broad stop-loss.
HKEX:1810
by freeguy_by_wmc
Alibaba has yet to break out from 77 resistance price levelChill, guys ,there is no need to get into FOMO just because there are plenty of conversations going on about buying Alibaba shares. Just look at the chart carefully, it has been in this consolidation stage since Oct 2023. Let the price breaks about 77 level and convincingly with a bullish signal , you can still go LONG . There is no guarantee that those who got in at 60+ price level will be making huge profits since no one knows : 1) how long the consolidation phase will last 2) undervalued shares can go under valued for a long time NO right or wrong strategy, some prefer confirmation and a higher margin of safety while others are already convinced of its fundamentals and are willing to ride out the volatility. Different folks, different strokes.
HKEX:9988
by dchua1969
An Exciting Insight into FXOpen's New Hong Kong-listed Stock CFDLook East! An Exciting Insight into FXOpen's New Hong Kong-listed Stock CFDs Hong Kong has built up a gilt-edged reputation as one of the world's most reputable financial market centres. The city of Hong Kong enjoyed a unique position for many years. It is situated in the Asia Pacific region, very close to Shenzhen in mainland China, whilst being a global investment and banking leviathan. Hong Kong's stature as the 'New York of the East' alluded to the investment banking sector, global institutional trading venues and currency clearing capacity, which stood it out as a gateway to the world for Chinese companies as well as a gateway to the Eastern markets for European and American financial giants. Today, Hong Kong remains an interesting prospect; its stock markets are heavily focused on local APAC and mainland Chinese corporations, with a degree of volatility present ever since Hong Kong completed its transition to full Chinese governance. FXOpen has taken a further step in its commitment to providing access to the most poignant instruments across the world's financial markets and has now added* 29 stocks listed on the Hong Kong market. Today, we take a look at the most popular among these new instruments. 1) Tencent Holdings Limited HK Just a few kilometres away from the classically elegant city of Hong Kong is Shenzhen, the first Chinese metropolis that is reached after a short walk across the border into mainland China from Hong Kong. Shenzhen is a modern, plate-glass showcase of Chinese technological prowess and is home to Tencent Holdings Ltd, which is one of the largest multi-faceted technology companies in the world. In China, email is long obsolete, and everyone from CEOs of large corporations to teenagers in school communicates using either QQ or WeChat messengers, both of which are products of Tencent. Whilst Western authorities and business moguls wrangle over a potential deal between Microsoft and Activision Blizzard, disapproving of its size in which it would potentially create a gaming monopoly, Tencent dwarfs both firms in the video gaming industry. Tencent is one of the largest video gaming companies in the world. The company also produces smartphone applications as well as actual smartphones, payment technology, music streaming software, e-commerce platforms and advertising. Since it crossed the $500 billion valuation mark six years ago, Tencent has become the most highly capitalised company in all of China. Given the nation's industrial prowess, that is quite some accolade. 2) China Construction Bank Corporation HK Hong Kong's division of the China Construction Bank is a vital strategic outpost for the financial giant as it represents the firm's international business arm. The entity which became China Construction Bank HK has an illustrious 112-year history in the territory and was the first Chinese-owned bank to ever be established in Hong Kong under its original guise of Bank of Canton. Throughout the British era, the bank underwent many changes, including a stint as Bank of America in the early 1990s. In 2006, it was acquired by China Construction Bank, which is one of the four largest banks in Mainland China. Listed on Hong Kong's main market, the bank's stock tends to trade under the 5 HKD mark, making it accessible for many investors with a low entry barrier. 3) BYD Company Limited HK Among motoring enthusiasts and the car manufacturing establishment of the West, relatively new entrants into a long-established and conservative industry reliant on brand heritage and decades of engineering prowess or motorsport pedigree have often, over the years, been met with derision. BYD, one of China's most prominent motor vehicle manufacturers, is no exception. Motoring events, boardrooms at large motor manufacturers and special interest internet forums for car enthusiasts have often been awash with derogatory remarks or humorous quips writing off Chinese cars as somehow of inferior quality, the preserve of the uninformed or the transportation choice of the price-led who simply do not care what they drive. Well, it is not funny anymore. China has for many decades manufactured vehicles for its home market and done so very successfully, and BYD is one of the giants which produces cars, motorcycles, buses, trucks and construction equipment and is now exporting such vehicles worldwide. More recently, BYD joined the electric car battle for supremacy, and its modern, technologically advanced cars are selling well in countries other than China and competing against established European, American, and Japanese brands. Listed on the Hong Kong stock exchange, BYD's stock is of interest to investors who relish the company's expansion of marketing to an international audience. 4) Xiaomi Corporation HK Apple and Samsung may have dominated the smartphone hardware market in most regions of the world for almost two decades, but in China, things are somewhat different. In terms of the internet and the infrastructure that surrounds it, China is a world of its own. Most of the internet sites and services that are commonplace in other regions of the world are blocked in China, and China has its own highly sophisticated internet ecosystem, which relies on home-grown platforms, which are veritable giants. For this reason, Chinese smartphones are dominant, and Xiaomi is one of them. Indeed, Xiaomi's smartphone manufacturing capacity is so large that it's considered one of the largest manufacturers of smartphones in the world. More recently, Apple and Samsung have regained their crown, with Xiaomi in third place, but it is clear that these relatively new competitors from China are serious contenders in this established brand-sensitive market. The company operates in many sectors of the electronics industry, including computer software, television sets, drones, smart home equipment, household appliances and hardware, and even produces technology for the automotive industry. What is perhaps fascinating is that Xiaomi was only founded 14 years ago, yet it is vast, eclipsing electronics companies in other countries that have existed since Thomas Edison first discovered electricity. 5) Baidu Inc. HK Sticking with the internet theme, Baidu is next up. Baidu is often viewed by global pundits as the 'Google of China' as it is the basis for access to every area of internet services and online information in China. Google does not serve China, and most of the websites and online services that are in widespread use in other nations are not available in China, with a Baidu-orientated equivalent being available instead. Based in Beijing, Baidu is one of the largest internet and AI companies in the world, and is not only a mainstay of daily life for every Chinese citizen but is also a resource highly relied upon by the Chinese government's internet services division which monitors and controls activities in the country. China has the most sophisticated internet firewall in the world, which prevents access to many global sites and ensures almost total dependence on Chinese internet infrastructure. 6) Ping An Insurance (Group) Company of China Ltd. HK Ping An is a widely recognised name across China, mostly due to its core activity as a retail banking giant which provides personal and business banking services as well as retail trading accounts. The company operates across more sectors than banking, however, and is actively involved in venture capital investment, especially in technology and internet-related firms offering financial products or developing financial technology, as well as more traditional areas of the financial services world, such as pensions and insurance. Ping An’s insurance division has a listed entity in Hong Kong whose shares have more recently been trading under the 40 HKD mark, making it an interesting instrument that has enjoyed more robust performance in the past. 7) CITIC Securities Company Limited HK It is one of China's most comprehensive investment banks. The company operates across the Chinese market in a similar vector to that of the giants of Wall Street across North America. Founded in 1995, the company provides services across the underwriting, research, brokerage, asset management, wealth management, and investment advisory sectors and is another fascinating Chinese pillar of strength given that it is only 29 years old compared with its similar-sized counterparts in the West which in some cases have been established since the days of the explorations to the new world in the 17th century. Over the past month, CITIC Securities HK stock has been sliding considerably, but given the overall size of the company itself and its intrinsic value to China's government-controlled financial markets system, it is interesting indeed. 8) Anhui Conch Cement Company Limited HK The construction industry in China has been leading the world for many years as a reference point for incredible efficiency and ingenious city planning. It has been possible to transform previously rural backwaters in central provinces into ultra-modern, highly productive cities with diversified industrial bases and luxurious living standards within just a matter of a few years. Multi-use buildings, high-speed trains capable of over 300km/h connecting these cities to other hives of activity across the country, nuclear power stations and giant commercial and residential real estate investment trends have punctuated China’s remarkable growth over the past two decades. However, there has been some over-exposure and, more recently, concern over the sustainability of the real estate market in China. Cement manufacturing has been a vital source of material for such a huge development boom; however, in February this year, Anhui Conch Cement Company Limited HK stock hit 1-year lows. An interesting move, considering that China is the largest economic superpower in the world and its production capacity remains on the increase; hence, manufacturing facilities and towns to support them may well continue to be built. 9) China Mobile Limited HK China Mobile is a telecommunications giant, which is interesting as a corporate entity due to its major shareholder being the Chinese government. State ownership, or majority shareholding by the state, is common among telecommunications and media entities in China, and China Mobile is the world's largest telecommunications network by number of subscribers and the largest telecommunications company in the world by revenue. That is quite some feat. Although it is a Chinese company these days, its origins are actually in Hong Kong as it was founded in 1997 in Hong Kong as China Telecom (Hong Kong) Ltd. China Mobile is yet another Chinese corporate giant that has risen to enormity in a relatively short time, and its stock is listed on the Hong Kong exchange, with buoyant performance in recent months. Whether one is looking to gain exposure to China's leading technology companies or the region's robust financial sector, these stocks present a varied array of trading opportunities within one of the globe's most dynamic markets. *FXOpen is adding Hong Kong stocks, which will take effect according to the approval of each specific regulator. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Editors' picks
HKEX:1810
by FXOpen
3
A buying opportunity for Yum ChinaFirst thing first, I am not buying , yet. I will watch it over the next few weeks to see if the price rebounds strongly from the support at 344 -350 level. There is a possibility that it may continue to head south to revisit the next support at 289.80. Remember the F&B business in China faces a lot of competition with new restaurants and menu being served up or turn around faster than you can imagined. The overall buying power in China is still weak as evidenced in the GXC and FXI ETF (rough guide). So be patient....
HKEX:9987
by dchua1969
1