Stop loss for intra day traders at below 1 dollar A massive push to the downside ever since it hit the 1 dollar mark
Either A lot of upside or a lot of downsideIf it retests and breaks the resistance level even further, this stock may go up a lot but if it backs down, then it will go down a lot.
Xiaomi Upside Potential and How to invest in itXiaomi has a lot of good news recently so the stock will most likely go up.
LONG 1177Expecting 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.
Xiaomi made a revisit to the trendline, more upside ! Xiaomi made a revisit to the trendline, more upside ! Stochastics also support a bullish scenario!
China Water HKSE 855 Head and Shoulder buying opportunityBuy @ market price with 5 dollar stop loss and target of 8,7-9
SEHK 909 Mingyuan Cloud breakout?In JLL's latest report - "Reimagine the Future of Real Estate"; Nearly half of 80 real estate firms in China surveyed foresee proptech budget to be up by 30% in the next two years. JLL cites competitive advantage, enhancing human experience, streamlining operations, and health & safety as reasons. Additionally, China accounted for a third of all proptech funding from 2013 to 2018 and has remained the largest investment recipient for proptech startups in the last two years. China's large market size allows these proptech firms to achieve economies of scale.
Mingyuan Cloud provides enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. They are the No. 1 software solutions provider for property developers in China with a market share of 18.5% in terms of revenue in 2019. Mingyuan Cloud is also the No.1 provider of both ERP solutions and SaaS products, leading with a market share of 16.6% and 23.3% respectively. Mingyuan Cloud serves more than 5,000 real estate developers, including more than 90 real estate top 100 companies, Mingyuan Cloud's products help developers manage transaction volume of more than 6 trillion, accounting for more than 60% of the new house market transaction volume.
Technically, it has again (like SEHK 6969) formed a triangular wedge pattern with double bullish pinbars over the last two days. Have already gotten in a position at $36.1. Will plan to take half my profits at $40 and let the rest run.
Of course, there are downside risks to Mingyuan Cloud:
1) The SaaS business segment has not been generating positive operating income yet, if the company fails to grow this particular business segment, upside for a higher share price valuation is limited.
2) Business needs to continue to diversify more to outcompete competitors like Kingdee.
3) Inability to retain customers will lead to decrease in margins and profitability.
The above are my views and are meant for educational and discussion purposes only. Please make your own investment/trading decisions!
TencentTencent (Daily, HK$587) - attempting to break it's ultra short term downward trend as it:
- clears it's 8/21 day EMA
- tested it's price pivot
Also:
- MACD turning up at centre line
- RSI minor turn up
Li Ning 2331.hk - descending wedgeLooks like consolidation of an uptrend into a descending wedge for Li Ning.
It should continue to rise towards ~50 if it breaks out of the wedge to ~44.20
3690 brokeout the short term trendline HKEX:3690
One of the hottest HK stocks 3690 has just broken up the short term trend line with a good momentum.
A buy setup with 1:3 risk to reward ratio is possible. Put the stop loss right below the weekly low which is 293 and tp target will be the previous historical high 338.2
Stay tune for the update:)
MEituan is ready to make another bounce ! Meituan is trading in a triangular squeeze and is ready to bounce from the lower band of the price action. Before a upward breakout, price is likely to reach the previous swing high first, which we use as our TP.
3800 GCI-Poly Energy: Update analysis 30 Nov 2020Following my 3 previous GCI-Poly analysis, I have a the following update:
Today's price shows an extremely extended and bullish candle (0.61 - 0.81), which is a 0.20 price move in a single day and not within same candle sizes as others around it.
Historically, price candles with such bullish price candles of the same size or slightly longer (going back up to Aug 2011):
21 Dec 2017: price from 1.26 - 1.42
09 Jul 2015: price from 1.22 - 1.46
11 Nov 2014: price from 1.80 - 2.10
09 May 2014: price from 1.80 - 2.04
02 Feb 2012: price from 2.62 - 2.79
19 Jan 2012: price from 2.24 - 2.42
29 Nov 2011: price from 1.86 - 2.03
02 Nov 2011: price from 2.03 - 2.32
27 Oct 2011: price from 1.94 - 2.36
23 Aug 2011: price from 2.55 - 2.91
Interestingly, the top of the today's candle (30 Nov 2020) stops at price level 0.80. I also checked historical prices at this level and the resistance levels for today (30 Nov 2020 and the week preceding this candle) and I was able to dig up the following interesting data:
(1.) Long-term daily resistance occurred @ price level 0.80 on the following dates:
16 Sep - 03 Oct 2008
01 Apr - 28 Apr 2009
27 Feb 2019
30 Nov 2020
(2.) Long-term daily support occurred @ price level 0.70 on the following dates:
16 Sep - 03 Oct 2008
26 Mar - 01 Apr 2009
(3.) Long-term daily resistance @ 0.80 becomes resistance support flip on the following dates:
02 - 30 Jun 2017
01 Aug 2017
30 May - 15 June 2018
My conclusion from the above are as follows:
- As today's candle has hit a long-term daily resistance level of 0.80, I expect price retracement to/towards the long-term daily support level of 0.70
- It is also a sound assumption that investors might start taking some profits as we approach December holiday season given the excellent performance of the stock in the last 2-3 months. This will inevitably put pressure on the stock price.
- I will be buying more with the expected and healthy price correction.
