2423 trade ideas
Another Ark Invest spotlight : BEKE - Shall we get in now?Unlike many other of my recommendations, the price action of NYSE:BEKE is not as strong. It does not present any wedges, it also does not set an key support with high vol transaction, however there are a few observations which I really like about this stock:
1. Its trend line (10-20-50MA) have been consolidating around $64-65 price range for almost a month
2. It has gradually built a swing trade range with a very narrow 15% range
3. And most importantly Ark Invest has been buy HARD since Oct, and has been buying almost every single day thereafter. Looking at the position document of Ark Invest, they have been accumulating around 8M of NYSE:BEKE across ARKK/ARKW/ARKF. You can see the upper chart for a detail record of Ark's buying since Oct.
I believe we are just waiting for any catalyst to to come up to propel BEKE stock to the next support level. I typically would set my cut loss within 8%. However, with the strong buy signal from Ark Invest, I am going to start building a position on BEKE at around $67 range, and set my stop loss at $58. But I plan to hold strong on BEKE for at least 3 months until before its next earning release in April.
$BEKE Back on my Watch List - Double Bottom?I opened a position in $BEKE around Mid Dec, 2020 on what I thought was a breakout over the resistance line I've drawn in. However, it was a false breakout and I was eventually stopped out of the trade. It has gone on to make a lower low from the last low and seems to be moving back toward the resistance level. I'll be watching for it to break through that resistance again at which point I'll be looking for a proper entry. Also of note, the ARK ETFs have been accumulating this name on most pullbacks. All TBD. Ideas, not investing / trading advice.
$BEKE / KE Holdings Symmetrical Triangle BreakoutSymmetrical triangle trend lines are not the most convincing but breakout confirmed today. If the pattern is valid, expect further upside
Possible triangle breakout Long BEKE. The leader in the huge Chinese real estate market and back by Tencent. Looking for a triangle breakout.
$BEKE on Breakout WatchlistI opened a position in this on what I thought was a breakout on Dec 9. As you can see it's been hanging around that resistance line for awhile now. Since it keeps wanting to go above it I've set an alert at $69.40. If it can break and close above that level I'll be adding to my position. If instead it sinks to new recent lows I'll cut my existing position.
On the fundamental side, $BEKE has had explosive growth over the last 3 years of 693% and had 39% growth the last quarter. IDB has a relative strength rating of 88 (Stronger than 88% of stocks in the S&P) and has an accumulation rating of B-. Lastly, the ARK ETF's have been buying this name for a few weeks now.
Ideas, not investing / trading advice.
Friday, Dec 18th is the last day for BEKE at a discounted priceFriday, Dec 18th is the last day for BEKE at a discounted price
BEKE Trading plan$BEKE
Trading Plan: 1/15/2021 55P short term. Once chart and flow are bullish again, switch to Far Exp OTM Calls.
Bearish notes:
-Possible Head and shoulders patterns on 1hr+ chart.
Options Flow
12/02/2020:
1/15/2021 60P: 498K single golden sweep
1/15/2021 55P: 411K net flow
12/18/2020 55P: 706K net flow
Bullish notes:
-ARKK bought BEKE shares every day from November 30, 2020 to Dec 4th, 2020 almost doubling their position. Current weight rank in portfolio is #28.
-11/16/2020 $58 offering closed on 11/23/2020
Options Flow
12/04/2020:
10/15/2021 115C: 180K single golden sweep
BEKE + Soft Bank = FunChina Junk Bonds Go Boom
China Yields Go Up
Watch out for SoftBank manipulation
$BEKE Still on Watch ListI published this idea about 2 weeks ago. I was looking for it to drop to the 50 day SMA and then bounce up. It did not do that. I am now watching this to simply resume it's move higher. I've got an alert at $67.15, just above yesterdays (10/12) high. Then I will look for a logical entry. This is a recent IPO so It can be volatile. All TBD. Ideas. not investment / trading advice.
$BEKE Looking for the 50 SMA? Watch ListI've been long this name before, sold for a small profit. It looks to me like it wants to head back down the the 50 SMA. If it does that, I'll be looking to go long as it has bounced from that line (or near) in the past. So, I'm looking for it to drop to around $56. My target when / if I go long will be the low $70 range. Ideas, not investing / trading advice.
$BEKE Nice IPO ActionAs you can see by my notes I have a starter position in this name. It has good fundamentals and is showing a lot of strength in this market. 71% sales growth last quarter and 31% sales growth last 3 years!
I am a little underwater on this but I gave it more room than usual because it is an IPO. I'd look for this to move to ATHs if / when the market starts to push higher. Thought I'd bring it to your attention, Great watch list candidate. Ideas, Not investing / trading advice.
