Xiaomi still trends below the trendline, more downside ! Xiaomi still trends below the trendline. As long as price stays below the trendline, we remain bearish on it. MACD is also showing extended bearish trend.
Still have momentum, but is it enough? 🆄🅿🅳🅰🆃🅴 🚛🚕
Well I called this to make a 𝙥𝙪𝙡𝙡 𝙗𝙖𝙘𝙠 last week because it needed rest,
but as you see the momentum don't care and it just keep flying and we are on 𝟭𝟬𝟬% 𝙜𝙖𝙞𝙣 since 32 days ago 🚀
Someone asked me last week, should I enter the trade now and I say, if I was you I would wait, now I don't hope you sit and think, what a jerk!
Because my answer would still be the same today 𝘿𝙊𝙉𝙏 𝘽𝙐𝙔 and wait for an 𝙥𝙪𝙡𝙡 𝙗𝙖𝙘𝙠, this really needs a break ⛔
With that being said, it can 𝙎𝙏𝙄𝙇𝙇 go higher as long as there is good momentum.
Trade with care 🙏
HKEX:2196 Fosun pharma ready to reboundHKEX:2196 Fosun Pharma has been in a steady uptrend since last March, it has pulled back in recent weeks in a tight bear channel to sneak below its 50 day EMA. However it has broken through this bearish pattern. Overall it has remained within its longer term uptrend channel.
I am guessing it will bounce up to just above a $40 tp. Patience required though - may take 30 days give or take, given the Chinese New Year period.
HKEX:2331 Li Ning set to bounceLi Ning HKEX:2331 has been dependable in recent months. Sitting within a tight weekly regression trend channel, it has just pulled back and hit 20 EMA which it seems to more or less respect. It is also moving with the industry-wide uptrend.
My guess is that it will bounce 10% within 30 days. Target exit at 55.50.
SMIC buying opportunity From the day chart, we can see that selling pressure has eased and buyers have returned to push the price up higher. You can either enter a small position here and wait for it to break out of the next resistance level at 26.52 convincingly before adding more.
XINYI LONG Xinyi just made an All Time High.
Even on NYE, the stock attracted enough attention to hit a High.
The sky is the limit.
Xiaomi bounce backHello,
I see two coming scenarios. Anyway it will bounce back to 35+ level in some next days.
1475 Nissin food HKSE Elliott wave buy opportunityBuy @ market with stop loss at 6 and TP are the black lines above the top with exiting most @12,4.
2600 Chalco HKSE An Elliott wave and head and shoulder buy Analysis based on Elliott wave, trend analysis, , support & resistance, and head & shoulders.
Buy from 2,15-2,5. TP @5,5-6
JD could make limited pushdown towards our pivot level! JD could make limited pushdown towards our pivot level, where the 61.8% fib retracement is. MACD is also showing that this bullish trend could enter a period of consolidation.
Sunny optical 2382 Correction and go upIt is the Chinese supplier of AAPL and generally follows AAPL. I think that correction will end this week and it will go up
We have second bottom at this price levels!double bottom and the reversal is begining for 161hk again!
today's target 168,1the decline has finished ,it closed too far away for the days lows and price target min for trading daily is 168,1
Awaiting price to soften to 48-50 before buyingRead latest news here , and here .
So, you can see approximately the last 6 years, Kingsoft price was hoovering between 10 -35 dollars range. This is a litmus test for investors on their holding power, risk tolerance, etc. Sometimes, they swapped out due to seeing little to no activity in the share price and do not want to miss "opportunities out there".
I would be awaiting for the price to pull back around 48-50 before nibbling on this company.
ZA Online offering a discount with a descending wedge patternTake advantage of it !
As the middle income group grows and becoming more affluent, they would be more educated on the importance of having life insurance, setting aside money for retirement, procuring education plans ,etc for the families. The penetration rate is HIGH and thus we are only seeing the tip of the iceberg.
Long for the long term!
Opportunity in Chaos 2 !The same thing can be said for Tencent too. Read my analysis on Alibaba here
In the 4H chart, I am queuing to buy at 502 support line , a strong support in the past months. However, if the government is pushing its envelope and step on the accelerator in regulating these Tech giants, we could possibly see the share price drop even further to 419.50. If that happens, I would buy even more.
Of course, the short sellers are happy to short down these giants during this periods and that cumulative actions might cause the company to take actions to shore up the share price too.
Let's review this in a month or two and see what will happen......
XIAOMI just hit a good buy entry at the 61.8% fib retracement! XIAOMI just hit a good buy entry at the 61.8% fib retracement! Trendline is not broken and EMA (34) also support a good bullish momentum from here!
Stochastics also shows price is reaching a hidden support level !
SEHK 9923 Yeahka - Change of trend!I first spotted an opportunity in Yeahka when it IPO-ed in June. Saw a wedge pattern (Like 6969 Smoore and 909 Mingyuan Cloud ) and rode it all the way from $17+ till the $60 level.
Since then, the bubble popped and has been on a sustained downtrend till recently - prices have started to make higher lows indicating signs of an uptrend. Additionally, recent news of the company acquiring stakes in Beijing Chuangxingzhong Technologies shows Yeahka's commitment in expanding their business. Yeahka has also recently turned profitable with high expected growth rates in the future (PEG of 0.6x).
Already have a small position and will add to it if everything plays out as expected! (Half to trade and half to ride the trend)
**ARK has also started buying small portions of Yeahka recently. Although not a significant amount, it is a possible indication of confidence in the future of this company.
YEAHKA bottomBought the initial IPO and sold near the high after a monster parabolic move in July. Since than the stock has continued to disappoint and crept lower and lower to find its base. Has it found its bottom after ticking the IPO low vwap? continued higher highs and lower lows and following a trend line from IPO date. This stock can be quite volatile but seems to be finding stability on its journey.
Side note: ARKF has been buying more recently.
HSBC touching upper band of BB ! HSBC is touching the upper band of BB! With bearish trendline, price is still faced with bearish pressure. A touch with the upper band with squeezed BB channel often predicts a sharper drop!
