High Rewards, Low Risk stockIt breaks out of the long term bearish trend from the weekly chart and is now riding high. I am awaiting for the gap to be filled or at least establish a support level first before initiating a long position.
Opportunity in Chaos !Read latest article here
Some followers are worried about the future of Alibaba and its subsidiaries business with the recent investigation by the Chinese government. Unfortunately, I do not have any insider information to pass on so we have to make do with what we have.
1. Is this drop in share price due to the company's fundamentals ?
NO
2. Is this fall in price temporary ?
I believe so as it will not be in the Chinese government interest to abolish Alibaba and the other tech giants , after all they are strong Chinese brands that affect the daily lives of millions of people. Think of Taobao - how many business owners are affected if somehow this site is asked to shut down? Wouldn't this create more unemployment problems to the Government ? Also, the government is gaining corporate tax as a source of government revenue too from these big giants. If they are gone, who within this short period of time can replace them ?
3. Cross reference this scenario to the world of Global tech firms like Apple, Facebook, Microsoft, etc. They too have been summoned to court recently as well . Read here , here and here
NO government can tolerate any private enterprise to gain too much cloud in their specialised field and create a "perceived threat" to them. The sense of "losing control" over this big tech firms has to be reigned asap and not create problems or obstacles that might affect their political stability. Remember, these are bureaucrats , scholars who had not done businesses so they see things differently and follow a set of rules to comply with. They are the whistle blowers , in some way to ensure that a certain boundary is kept and not being compromised.
For Ali Health, you can see the price has now rested nicely on the bullish trend. I see 2 possibilities ahead - 1) it rebounds from here or 2) it continues to fall further to the support line at 17.30 before rebounding.
So, monitor the price this week and go to 4H or 1H chart to determine any bullish signals. For those long term investors, you can consider investing in tranches. 25% at current price , 25% at the support and so on......
HKEX:2196 Fosun Pharma retrace and re-entryAfter a flood of southbound cash into the HK bourse yesterday, HKEX:2196 Fosun Pharma shot up to resistance level at 38.95 within four trading days. Probably a little too much excitement for this particular stock. This was not expected on my part, but very welcome. I took profit as soon as I saw that this resistance level held.
Based on these charts, I would wait for entry when the price pulls back to support at 36.50, which also roughly stacks with the 20 EMA and sits nicely within its current uptrend channel .
I still believe it will reach $40-$41 in the near term.
LONG 1457 (Nissin Foods)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.
The Billion dollars sales ever raked in one day !US$38 billion was recorded in 2019 for Singles Day which falls on 11th November every year in China. This year, I expect this record to be broken and hit a much higher figure.
Would the much anticipated Ant Financial IPOs be launched before the Singles Day or after ? I don't know but the amount of media attention and how crazy it is over subscribed .
This momentum if continues plus the pent up demand from the Covid -19 may drive lots of consumers in China to go on a revenge shopping trip and buy more than usual. Plus, the vendors will be dangling perhaps more carrots this year than last year and new , traditional players that see a big fall in revenues from their retail shops may jump on the bandwagon and take advantage of this special day.
It is a win win win for all - vendors , customers and of course Alibaba!!!
HKEX:868 Xinyi Glass awaiting break of short-term structure for HKEX:868 Xinyi Glass has formed a flag pattern in the past two weeks. This sits within an uptrending regression channel. It should rebound off $19.26, and then, if it breaks out of the short-term down channel (marked by the two red lines), and hits resistance level 20.64, I expect it to rocket up to~$23.50. Timeframe ~21 trading days.
JD Health break out to the upside ! JD health also broke out the symmetrical triangle with strong bids. Price could retest our entry where the previous swing high was before rallying further!
BABA breakout to the upside ! `Clearly BABA has broke out previous bearish trendline and is edgin up strongly! Might not be too able to buy since price just broke above the 38% and still have space to run towards the 61% ! SL at 618% pullback should be safe.
2318, Ping An Short??It looks PA comes to the pretty strong resistance line of a major tunnel that starts almost from 2008. Is it gonna short or correct its way? Or is it already crossed its resistance area?
I think it would correct to at least 90, JPM long position decrease gives me this idea :P
Xiaomi short - down, long - under questionHi,
I see that RSI index is pretty high (overbought).
As well as there is resistance.
If it hit through, then the price will bump to the next resistance according to fibo.
AG
PS. This is my personal opinion.
CICC All Time HighCICC broke all time high. Even on such a muted trading half day, stock attracted enough attention to make an All Time High. Price will move higher. The sky is the limit.
Starting an new uptrend? 📈Just to keep track of my already placed investment.
I´m long on this position, but i have put in a swingtrade aswell as you can see on the chart
Trade with care 🙏
HKEX:686 BJ Energy Intl pushes past resistance uptrendHKEX:686 BJ Energy Intl has been uptrending since July, albeit spasmodically. It has become a bit more consistent since early November.
It just bounced off support (false break) level of 26.
If I was a gambling man, this will proceed up to $30, retrace to around $28.5 and then bounce again to $33. Timeframe ~10 days
RSI just hit 51. Good entry.
Low volumes tells me this is a reliable trend.
WUXI BIOLOGICS - Chinese Drug Developer - Nice PullbackWUXI traded on the Hong Kong Exchange as 2269 has had a great run over the last 12 months, up some 210% post March 2020.
Nice big pullback to a value / support area. Could be worth a look if it heads back up.
One Year View
1415:HK - COWELL - Camera parts supplier for phones & tabletsCowell could be an interesting one. Their website indicates that they are one of the worlds major suppliers of camera modules for smartphone and tablet PCs with customers including ABC (who I haven't heard of) as well as LG and Samsung (who I certainly have). Stock chart looks to be bullish at the moment. Bit of upside to potentially fill. Could be worth a watch.
JD is poised to break the counter trendline and bounce ! JD is poised to break the counter trendline and bounce ! JD is squeezed in triangular pattern and is likely to break above after hitting the -27% fib retracement target where the spike down is. If we are going to see a breakout of the counter trendline, it indicates more upside could be there !
Xiaomi is oversold, could see short-term bounce soon! Xiaomi is oversold, last fibo retracement has shown that price hit -27% target and -62% target already. Buyers will think it is a good time to chip in and at least potential target could be set the horizontal pullback resistance. Uncertainties still remain for xiaomi since Trump put Xiaomi in the military list, but short-term bounce could be possible towards our target!
