A clear breakout from descending trendline confirms the upside !A clear breakout from descending trendline confirms the upside ! More upside but try to get a good entry point! Longby ella519Published 0
Kuaishou marching higher The stock market is a game of demand and supply, buyers and sellers. When one side weighs heavier than the other, they win and vice versa. In the case of this IPO, Kuaishou (read here , here and here ) For a moment, suspense your role as a trader or investor and put yourself living in a rural village and the chance to get out of poverty , fame, money ,etc is all in a mobile app. And the best part, you need not have a degree, travel to cities like Shanghai or Beijing to find a job. You could do it in the comfort of your hometown. Who wouldn't dream of getting out of poverty in this situation ? And that millions of people in the many rural villages of China using this app drives the demand and there is where the money starts to pour in. Better still, you need not have a pretty face to go livestreaming or able to dance those sleek moves to showcase to your fans. Enough of that already. You can afford to be different , be who you really are. A farmer can show his homegrown oranges or grapes in the vineyard, how it is grown and how to harvest it. Or another livestreamer could take a bicycle and introduce his hometown, a part less travelled by many. Risks wise, one need to be careful as China is clamping down on its regulations lately on this area - E-commerce, Livestreaming, Technology,etc. All these aside, the main driver of these hot Hong Kong IPOs are driven by the million of China investors. Their massive flood of money keep pouring in, driving these companies to sky high valuations and the stock price. Again, IPOs trading is a fast game and some stroke of luck is required. Use only a tiny fraction of your capital to speculate in it and do not increase the position size unncessarily UNLESS you are prepared for the consequences. Weigh the risks not just the triple digit rewards that are often shown in the media ! Behind the story of the fallen angel, only those who bled their account will sob in pain and not tell the whole world about it........ Longby dchua1969Published 220
Sunny Optical 2382:HK hits 10 MA. Bounce time!Sunny Optical 2382:HK has pulled back to hit its 10 day MA which it has historically respected. It also happens to converge on the bottom of its regression trend channel at $210. There is currently some indecision in the market, but if it trades up tomorrow, it would be a good time to get in, with an initial TP of $223.40 where you might release half. I expect it to hit north of $250 before retracing - though that may take some time. If I was a punter, I'd be looking out for a bullish harami in the coming days. Longby CallyflakesPublished 0
Greatwall Motors 2333:HK bouncing off support - quick 10% Greatwall Motors 2333:HK has been unstoppable since as early as last July. It's made a pullback over the past month. It has bounced off support of 23.15, and has just broken through resistance of 25.50. If it is to follow the current trajectory, there should be a quick 10% rebound in the coming days to next resistance at 28.30, with a medium-term TP of 33.00. If that's not enough, a couple of investment banks have set their TP at a range of $35-$40. Plus, 2333.HK are buying into the chip market. The latter point is significant because it panders to central government policy. Only caveats here: Most of China is on holidays for the next 10 days, so things might slow down a bit - but that might also suggest less competition to get in, if you were so inclined, and... DYOR always.Longby CallyflakesPublished 0
Nice setup with AIA (HKSE :1299)I seldom made any recommendation about companies in Hong Kong, but I just accidentally observe a great setup with HKEX:1299 which I think could be a great long target in short term. I dont think we need any introduction of AIA, one of the largestest insurnace giant in the world. Its stock price has trading within the same 20% range for almost a year. Since late 2020, its has formed some uptrend price action and been gradually getting strong support inside an upward tunnel. I like that it has formal a strong double base at around $93 and is now breakthru 100 within 10 trading days. Its earning release is coming, with the current price action and 2:1 risk reward ratio (cut lost @ 93 / take profit at 115), it appears to be a great target to add into my position.Longby SquishybrainPublished 1
GEELY in BUY ZONE 1Geely Automobile Holdings Ltd. is an investment holding company, which engages in the research, production, marketing and sale of sedans and related automobile components. It operates through the following geographical segments: People's Republic of China, Malaysia, Eastern Europe, Middle East, Africa, Central and South America, and Other Countries. The company was founded on January 1, 1973 and is headquartered in Hong Kong.Longby ShukriMahadiPublished 223
Will the Xiaomi share go up again?The Xiaomi shares lost close to 23% of its value since 5th January 2021. Investors are a bit insecure because of some bad news during the past weeks. The USA put Xiaomi on a blacklist, which means that Americans will be banned from buying the shares. Furthermore, there is is a problem with the latest mobile, launched on 8th February 2021. Apparently, the problem has something to do with the battery. Those news are the reason for the dip. In a long-term scenario, the stock will most likely go up again, as the sales figures are rising. Xiaomi will resolve the problem with the phone and as Americans don't hold a lot of shares from Xiaomi, the development will not have a great impact on the long-term trend of the share price. Additionally, the company reached some solidly financial results and has a great philosophy. Long-term investors who are holding Xiaomi shares shouldn't be concerned with the latest development, even though the share price will very likely fall somewhat initially. Also, the next days or weeks might be a good chance to get in and buy some Xiaomi shares.by trading-champPublished 0
ICBC - HKEX - There is potential to bullishHumbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. ICBC - HKEX - There is potential to bullishLongby MultiAssetXPublished 0
TENCENT - HKEX - Continue Bullish to ATHHumbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. TENCENT - HKEX - Continue Bullish to ATHLongby MultiAssetXPublished 0
$1810 (XiaoMi) Long AnalysisHKEX:1810 Entry price: 27.25 Take Profit: 36 Stop Loss: 25 XIAOMI might consolidate around the support area and continue in an uptrend. However, if it break below the support, then there will be a bearish trend. *This is not an investment advice* *Trade at your own risks*Longby maxtradingchannelUpdated 335
1911 CR Holdings HKSE flag pattern buy opportunityBuy at market with a SL at 13,75 and TP at 23Longby heshamahliUpdated 1
Breakout imminentGalaxy Ent the biggest casino company has formed a huge Symmetrical triangle pattern that is going to breakout soon. Patiently waiting breakout and volume for confirmation here. Longby JoEUpdated 1
Near term rise guaranteedThe chart is super raw and incomplete but just by looking at the resistance trend line and support trend line as well as the stock just pushing through all its resistances consistently, we're in for some good stuff at least near term. Longby Amadeus24Published 0
Turning Maybe Hong Kong will survive and this old dynasty may rise back to its previous glory ? Lower high sighted while we Anticipate for lower low. Longby SuperQueenPublished 0
GAC Buy opportunitymy projection is that this stock will go to 11 in the following 3 monthsby mclaoPublished 0
Xiaomi - Looking to Break out!Xiaomi is manufacturer for IOT products which syncs great with Apple or Android Devices. Currently its trading below the 50MA and is oversold at the moment. Support at around the 26.5-27 HKD region with the 2nd support at 22.85-23 region (close to the 200MA) The Wedge pattern is also close to the support region and a rebound is expected. this post as a great buying opportunity for as technology has been a major push / driver on a post COVID19 world. Pros Benefit greatly from the US / China Huawei Ban. Cost effective & quality products with IOT. Enhancing everyday users lifestyle at wallet friendly pricing. Single app interface to control all the products Company is on full growth model mode by not pushing on product cost NEW CFO appointed on 26 Aug 2020 with 20 years of investment banking experience & serve previouslyas a managing director and the head of technology, media, and telecom in the investment banking and capital markets department of Credit Suisse in the Asia Pacific. Cons With the recent investment ban in US, share price has been pushed lower but take note its a ban on investing on the company, not a Full Ban on doing with US Business (unlike Huawei), they are in the mist of trying to resolve but should not post much of a issue. 3 May 2021 Target Price Low - 35 3 May 2021 Target Price High - 39 Disclaimer - Invest at your own risk!Longby Furball_MachinesPublished 4
BABA breakout to the upside after initial agreement was reached!BABA breakout to the upside after initial agreement was reached!Longby ella519Published 0
BABA could see fierce competition in coming quarters! Some key concerns from BABA's earning released yesterday: Although we see strong growth in Alicloud and Cainiao, narrowing losses in the new retail and entertainment business. I do think in coming quarters the earnings and growth could be under pressure: 1. The annual active users on BABA's platform is 779 million, that of PDD is 731 million of last quarter. It means this number could be exceeded by PDD in PDD's coming release. 2. BABA's made it clear its next business focus will be on Taobao Discount platform ( in competition with PDD), Taobao Buy Grocery ( in competition with Meituan), etc. In those areas, very fierce competition is foreseen and both PDD and Meituan have their head start advantage. And after all, the regulation pressure will still be there. Shortby ella519Published 112
Meituan is breaking previous swing high and is on wave 5! Meituan is breaking previous swing high and is on the way of a impulsive wave 5! Longby ella519Published 4
Waiting to trigger the Fib Entry PointExpected 175 will retrace to $20.15 at the Fibonacci 0.628 level and create an AB = CD pattern. Entry Point: $ 26.6 SL 1: $ 24.45 ( MAX 8% SL) TP 1 : $36.4 (Profit: 17%; RRR - 1:4.5) TP 2 : $42.6 (Profit: 28.22%; RRR - 1: 7.5)Longby KeithChanPublished 112
TURTLE TRADING SYSTEMHKEX:338 HKEX 338 UPTREND 📈 FAST TURTLE BUY 🐢 BOD ⭐️ MCDX+ BANKER SPIKE BANKER 50% CAN USE TRENDLINE AS A SUPPORT.Longby SuperTrader_KPublished 1