NongFu is coming back upNongFu Spring is retracing back to the 0.618 level and expected to bounce back up. Expected Entry Point: $41.25 SL: $ 38.00 (8% loss) about the previous consolidation period roof TP 1: $ 47.95 ( 16.24% gain - RRR: 1:2) TP 2: $ 54.15 ( 31.27% gain - RRR: 1:4) Longby KeithChanUpdated 1
867 China Medical Systems Breakout / Long IdeaHello Tradingviewians, CMS has been in a long consolidation to digest lowering growth rates. Additionally it has been under fire by short sellers, alleging CMS of faking revenue numbers. Should the numbers be genuine, and factors like consistent insider buying suggest it, CMS represents serious value at this point. Technically, a two year downtrend collides with the support line of the superordinate uptrend. Should ladder win, a short squeeze may follow to previous interim highs. After a phase of returning confidence, all time highs could be reached again. This is my first published technically supported investment idea. Let me know what you think. Thanks! BRLongby UI001
XIAOMI is pulling back to key support level, potential buy entryA key support level is identified according to trendline and key fib levels, our buy entry happens to be where the 61.8% fib retracement and 61.8% fib extension are. Price is likely to bounce from there if price reaches the level. Good level to go long from, in line with the trendeline we have identified on H4! Longby ella5190
BABA faked out of the bearish tirangle, more downside !BABA's breakout of the bearish triangle turns out to be fake out, now price is back below the trendline. With EMA also showing more pressure, the general downside trend is not changed ! Shortby ella5191
Blue Horseshoe Loves XINYI SOLARThis is an interesting PA area where I would love to buy againLongby sean.cappone0
1929 HK: Chow Tai Fook looking at further upsideHKEX:1929 Broke out after a 2-months or so consolidation and looking to see further upside to HKD11.23 thereabouts. Longby Richkierich1
Alibaba breaking above the descending trendline, more upside! Alibaba breaking above the descending trendline, more upside! MACD is also showing support for more room towards previous swing high.Longby ella5190
SEHK 2331 Li Ning; The Chinese Sportswear WinnerChina sportswear players in 1H20 overall delivered in line or better-than expected results. Li Ning has outperformed its peers (Anta and Xtep) this year with core earnings up 22% y-o-y. This is mainly due to its elevated brand presence and increase efficiencies in the business. Although sales and margins were evidently impacted by Covid-19, I remain extremely optimistic that the China sportswear sector can emerge as a winner in a post-Covid environment. Overall, I believe that Li Ning can emerge a winner in the coming years for a few reasons: 1) With an increasingly affluent and health conscious Chinese population, people are willing and able to pay a premium to stay fit. According to a study by GlobalData, the number of affluent population, including mass affluents (holding liquid assets of US$50,000–1m) and High-net-worth (HNW) population (holding liquid assets of more than US$1m), is expected to grow from 40.13 million in 2018 to 56.67 million in 2022. Thus, Li Ning is positioned to benefit from a trend like this. 2) Li Ning is a pure China play, and therefore is immune to global uncertainties like the US/China tensions. 3) Unlike its peers, Li Ning adopts a single brand strategy, while players like Anta owns separate brands (Fila). Moving forward, I believe this can allow Li Ning to further achieve allocative and productive efficiency, thereby snatching up more market share to emerge as the top Sportswear Brand in China. On the technical chart, Li Ning has shown a pattern of a consistent uptrend with higher highs and higher lows. While it did form a double top, - indicating massive resistance at the $47.7 level - it has found a nice support at $42.1. Today, it has formed a bullish engulfing candle to close the session with technical indicators looking to turn bullish. Overall, I think that it is okay to take a position at this level and to see if Li Ning can break past the resistance at $47.7. I personally see a lot of room for Li Ning to run, with a personal target price of $51 for a swing trade.Longby cletibalsUpdated 1
Another Automobile stock have potential upsurgeThe stock broke the 4 mths correction zone on 02 Nov, probably with Chinese Gov policy support. It retraced to $20.15 at the Fibonacci 0.5 level and expect an AB = CD pattern. Entry Point: $ 22.50 SL 1: $ 20.6 ( MAX 8% SL) TP 1 : $26.30 (Profit: 17%; RRR- 1:2) TP 2 : $28.85 (Profit: 28.22%; RRR- 1: 3)Longby KeithChanUpdated 4
BABA | HK.9988 Forming Bullish Harmonics PatternChart showing that market trying to break the support line at 248-250. If it breaks, it may form (Bullish) Harmonics Butterfly Pattern. Butterfly Rules AB can retrace up to 78.6% of the XA leg BC can retrace between 38.2% – 88.6% of AB CD can be an extension of 1.618% – 2.618% of AB CD can also be an extension of up to 1.272% – 1.618% of XA leg The point D is known as the PRZ or Potential Reversal Zone From Point D, a trade can be entered with stops at or above (below) the price point at D. Butterfly Target Levels Once a position is entered at D, profits can be booked at 61.8% of CD with the second target at 127.2%. Despite the above rules, in real-time such textbook patterns that qualify every point of the swing legs do not form as expected, so traders should be a bit flexible while identifying the butterfly patterns. HKEX:9988 NYSE:BABALongby jasonchandraa0
Tencent might see further downside given more stricter scrutiny!China’s antitrust watchdog fined Alibaba Group Holding Ltd. and a Tencent Holdings Ltd. unit over a pair of years-old acquisitions and said it’s reviewing an impending Tencent-led merger, signaling Beijing’s intention to tighten oversight of internet sector deals. The penalties come after regulators last month declared their intention to increase scrutiny of China’s largest tech corporations with new anti-monopoly rules. Beijing in November unveiled draft regulations that establish a framework for curbing anti-competitive behavior such as colluding on sharing sensitive consumer data, alliances that squeeze out smaller rivals and subsidizing services at below cost to eliminate competitors. Shares in Alibaba and Tencent extended losses and closed down more than 2.5%.Shortby ella5190
Watching The monthly chart All the moving averages are showing downwards momentum. 200 ma (Grey Line) is bullish that is due to historical rally from 2002 to 2011.Then we have a black sr line that shows resistance on four occasion starting from feb 2012 to sept 2014. Then it was broken on April 2018 and provided support but failed to make higher highs and formed a declining wedge. Break of the wedge on 2 March 2020 triggered a sell off till the Support rectangle. RSI is currently showing no divergence which tells that the downtrend does not show fear or greed but some fundamental catalyst existence. Will only buy after break and confirmed back test of Black line. thanks for reading. Appreciate comments and feedback by UnknownUnicorn102090361
Samsonite | SellPrice reached 2.5yr downtrend resistance. Technicals also showing negative divergence. Rally hitting key fib retracement levels. RSI could fall back down into bear-range. Fundamentally, I've being bearish on Samsonite ever since they (over) paid Tumi back in 2016. Luggage is a commoditised product. Online competition was becoming fierce (Away Travel was just launched offering lifetime warranty, Xiaomi had one of the best carry-ons I've seen for <US$80, and so many generic brands on tmall and jd.com, etc). I even did a quick scan of 2000 tourists at a cruise terminal in China; Not too many carried Samsonite (various brands under the group), and the ones that did had the low-end brand/models. So..time to sell. The bearish fundamental story have not changed. Bad pre-covid. Very bad during-covid. Still be bad after covid. Shortby ChartingAround0
1 HK | Range break outBuy on breakout. 20% upside. Still trading at big discount to NAV. Pays decent dividend. Hong Kong's richest person still owns 30%.Longby ChartingAround2
Consolidation or large correction? What's your opinion?Consolidation or large correction? What's your opinion? HKEX:3800Longby zombielampadario0
LONG 883 (CNOOC)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 jerryas1
Everyone is talking about Vaccine ..........Oh , come on ! Give the humans race a break !!!! We need to get out and live our lives like before... Work........Dine outside........Fun and Entertainment........Play sports........Pub Hanging........Watch a Movie.........Picnic..........the list goes on....... Now, the vaccine is getting closer to being launched and everyone can't wait to get themselves vaccinated with it. This is one promising Vaccine stock that I am eyeing. It has broken out of the bearish trend and is expected to go higher ......... Also notice that it has triple support at the blue dotted line at 141.6Longby dchua1969Updated 111
SMIC analysis after breakoutSMIC has broken out of it's resistance line and now is heading for a lot of upside forming an upward wedge.by matthewbuffett110