MOBVISTA LONG MOMENTUMMomentum is strong, possible inversed H&S Entry: 7.29 SL: 5.12 TP: 9.63Longby YongfaSG0
Have a pie of Chinese Healthcare market Read latest news here and here What will be the new US President , Joe Biden stand on US-China relationship ? Will he continue to impose trade tariffs like Donald Trump ? How about the delisting of Chinese stocks on Wall Street ? If the latter continues to happen, we can expect more Chinese companies returning to HK to get a second listing. Chart wise, this IPO has gone up quite a fair bit from its IPO price of 70 dollars. Now, it is undergoing a correction and I expect 133.3 to 145.5 to be the next support level it will revisit before we see bullish trend resuming. Longby dchua1969Updated 223
The worst might be over Record breaking lost with no full recovery in sight ?Appears to have reversed on the monhtly, week and daily chart. Perhaps Vaccines passport will be the next play for this recovery. lets not forget how many people need to travel when there's some form of normality in-spite of potential hikes in everything Longby SuperQueenUpdated 0
1810150 EMA (daily layout) BIG CAP STRONG FUNDAMENTAL COMPANY. Very long term position. Comments please.Longby iaorozco0
Bullish on BABA after being fined $2.8BFinally got the result of the anti-monopoly probe. $2.8 billion is a big number. 4% of its whole year sale in 2019. But bad news is good for BABA. For me, it's an ending of phase 1. Things might be bad for other Chinese tech companies as they may be next targets. From the chart, I suggest buying at the pullback, say 226.Longby JICPT222
Boqi Environmental Protection (02377) granted 3.12 million shareBoqi Environmental Protection (02377) issued a notice that on 7 April 2021, the Company offered to grant 3.12 million Share Options to eligible grantees pursuant to the Share Purchase Plan adopted on 29 December 2020 at an exercise price of HK $1.51 per Share.by KellybbUpdated 112
Tencent fighting downtrendHi, Seems that downtrend is broken. Daily oscillators in deep minus (bullish). Weekly oscillators showing golden cross. I opened a position here. BUT. Could drop to 583-595 level for a short time. PS. My personal opinion, that 0700 should grow. AGLongby ag129770
Galaxy Ent is facing bearish pressurePrices are approaching our resistance in line with our fibonacci confluence levels 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.Shortby lixing_gan0
Sunny Optical is facing bearish pressure Prices are facing bearish pressure from our resistance in line with our 61.8% Fibonacci retracement and 100% fibonacci extension where we could see a further drop below this level.Shortby lixing_gan0
Future of Tencent ?Yes like many investors, I too did not like what I had read thus far about Tencent and it subsidiaries. Article here Will it follow the fate of Baba where share price plunged more than 30% from its peak ? I suspect more volatility ahead for HK and China Tech companies and movement in Nasdaq could also have an impact on its share price. Now with the 1400 stimulus in the hands of the US citizens, would this 100 over billion dollars be pour into the market ? If yes, then we could potentially see a spike up soon and high tide rises all vessels and that would help the HK and China shares as well. So, for those who bought at a high price and feel you do not want to stomach further risks, then you may want to cut loss and buy back when it is cheaper. I own Tencent along with many other companies with some in the red as I bought at higher prices but overall portfolio still in the green. I am also taking partial profits for some stocks that have gone up quite a fair bit over the last 2 months. My short term trades have not been too good as well leading to some losses. So, I am taking a short break from trading and focusing on reviewing my portfolio. I could be taking some short positions to take advantage of the market volatility and I would post soon if I encounter any interesting company. Till then, stay safe, always use a stop loss, allocate proper capital and understand that market does not move in a linear fashion but series of ups and downs. It is what you do with your mind during this downtime that sustain you to go forward. For Tencent and Baba which I owned both companies, I find their business model are still intact and thus the recent selldown would be a good opportunity for me to accumulate its shares. But that is imo and I do not represent the majority so take a pinch of what I do and do your own due diligence. Longby dchua1969Updated 112
BUY 700The break of the bearish trend and a strong rise from the previous support area TP 1 -- TP 2Shortby AhmadmBani0
Sands China could see further upside Prices are facing bullish pressure from our ascending trend line where we could see a further upside above this level. Longby lixing_gan0
Accumulation structure $728 Fast dynamic support holding up. Price hovering near structure resistance. Accumulating at 2.70-2.80 area, sell at 3.50 - 3.80 VBP resistance. RRR = 3.00++ not bad for a position trade. Longby Bearyotrades0
Using triangle patterns to tradeIf you dislike using fraction to do your charts as I have shown here , how about the world of shapes ? One of the most common methods that traders used is triangle shapes pattern in charting. So, in Haitong Securities, we can see that it has been on a down trend since it hit 27 in Apr 2015. Now, it is reaching the apex of the triangle and you can see the price range that it is trading each day is also getting tighter and narrower. OK, think of the price action as a spring coil trapped inside this triangle container! As it is being squeezed towards the end, it gets tighter and it has to breakout. The question is UP or down ? Why stressed yourself to answer the question now when it is still far away from the apex ? Wait and wait some more. Now, must it reach the apex of the triangle before it breaks out ? Of course not! Again, like fractions, using shapes like triangle patterns is a GUIDE not a certainty. It jolly well can break out today, tomorrow with a parabolic 90 degree. See the 3 orange circles! Also, note, each time , the spikes get shorter and shorter as it comes closer to the apex of the triangle (being squeezed inside). So, when friends asked you , can I buy Haitong Securities ? What do you say ? Wait - that's my answer ( of coz yours can differ). Why wait ? Well, based on charts (not considering company fundamentals and other economic reasons), it has yet to break out of the triangle or break down the support line at 6.39. Since I am not keen to short stocks , that means I am buying only. And now would not be a good timing to go long. So, does that mean we must wait till 2022 for the answer? Well, it is a GUIDE. It can be shorter or takes longer than that for the breakout. So, buying now will carry higher risks since you are paying at a higher price. And is this triangle patterns in charting more powerful than fractions ? That is for you to decide.... by dchua1969Updated 113
HSBC is approaching support, potential bounce Prices are approaching support where we could see a bounce above this level, Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias. Longby lixing_gan0
Ping An is approaching resistance, potential reversal Price is approaching resistance where we could see a reversal below this level. Ichimoku cloud is also showing signs of bearish pressure as well, in line with our bearish bias. Shortby lixing_gan0
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.Longby jerryas0
Tencent is approaching resistance, potential reversalPrices are approaching resistance where we could see a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias. Shortby lixing_gan1
Tencent Holding(HK: 700) Opportunity Recent Hang Seng Technology retraces have provided numerous opportunities to purchase tech stocks, especially tycoon stock Tencent Holding. Stock price is holding steady around the support trend line, and I am aiming for a rebound. TP and SL labelled.Longby Kujo_Qtaro2