China Tourism Group Duty Free breaks out of bearish trendIt has to break out of the resistance level at 234.30 before it can rally higher. Note that this is a fairly strong resistance level as it has been resisted several times.
Also, there is a possibility that it might retrace to close the gap around 203 to 209 before going higher.
Please DYODD
GREE- BuyGREE stock price has tanked due to the impact from COVID over the last 3 years. It's a perfect time to build a position in your portfolio if you haven't already own this wonderful company.
EPS forecast
2022 - 4.63
2023 - 5.08
2024 - 5.57
Dividend Payout in 2021 = RMB 3 per share. At RMB 30 price per share, that's a 10% dividend yield.
Current valuations are at very attractive levels at around 8 times its earning.
As china reopens from the ending the covid restrictions, I expect GREE to recover smoothly and continue its solid track record.
When the bull market returns I expect the price of Gree to be at 10 to 12 times its earnings.
Stock is currently consolidating at these price levels, I do not see it going lower than its current price due to such an attractive valuation.
#SZ.000425##XCMG# Middle period of time strategySZSE:000425
I'm holding strong long cash of XCMG. I'm waiting it develops a double bottom pattern. However, I think after about 20% from the bottom, XCMG needs a correction. Thus, my strategy is only buying at the correction but not selling any stock at all. 📈📈
watch the orange circle zone before going LONGA follower asked for my analysis on this Company - GigaDevice Semiconductor.
It is currently residing at 82.99 price level and we can see it may find support at 77.19 level. Here, it is likely to consolidate for a while before deciding to break out from the bearish trend line and rebound or heads further south towards 58 price level.
No hurry, check the price every week or so and do you own research on its fundamentals.
Here are some recent news for reference -
www.globaltimes.cn
www.mckinsey.com
Betting on Lottery-like Stocks in ChinaFor those who made the thousands of percentage profits on these 3 stocks , congratulations !!!!
Unless you are based in China and familiar with these local stocks, the chances of you spotting them and then make profits out of it is really slim. So, if you are like me, just read it and move on.
As an investor, it is your responsibility to do your own research about the companies you are going to put your money in. Afterall, you want to see your returns growing consistently rather than a one off exponential returns , which may not be repeated again (due to poor fundamentals)
Trading or investing in the stock market is nothing more than a game of emotions control. The easier to win, the bigger you want to increase the stake so that you win more the next time. Akin to gambling, you got addicted and blindly follow the crowd, taking the easy way out.
Of course, this is not to say that you cannot have speculative trades. For me, I put only 5% of my total capital in these trades and ALWAYS with a STOP LOSS. That way, I get to join in the fun but without burning too much.
Unless you are skilled in the game of manipulation in the market where the big boys use to lure the retail traders to push up the price before dumping them, it is wise to avoid these trades or at best, keep it minimum.
The best education is to learn how to protect your capital. Already with high inflation globally, if you are not making profits to beat the inflation rate, the least you could do is not to abuse it and let it slide further.
waking up of giant to 60 yuanwith rising of china semiconductor industries, SMIC had successfully made 7nm BTC semiconductors, even outperfom Intel in terms of effiency. Many ICs are made within China given current International conditions, China has given massive financial stimulates and the company is having multiple quarter of growth and set to challenge many rivals.
This giant is bouncing from a double bottom, possibily to see 60 yuan, in 2-3 months. and 5x in 5 years.






















