Geely: Bears are back 🍯🐻The bears have now pushed Geely stock back below its March low. This confirms our primary scenario that the stock is in the final phase of the overarching gray wave II from the high of the magenta wave (B). This move should now be advanced to the green target zone between HK$7.80 and HK$4.12. With the low placed, the price should then move significantly higher.
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TENCENT(HK) : Midas Signal Appears with Big Green Bar1. Clear all drawings and indicators.
2. A horizontal resistance level, price reversed at here to form a false break (React Don't Predict).
3. Add BandofMidas from indicators. Use Midas factor of 9. (suitable for this chart)
4. Price fall into Midas zone and reversed. Midas signal came out today morning on 22Sep2023.
5. Midas trend line still in white. Hold position until pink trendline.
6. Plan your trade, risk reward ratio and position size. Cut loss is simply at today candlestick low.
HKEX-2382 - a good time to buy! (indicator Thewaved)The last signal to buy on this strategy was given September 15.
The price of the asset at the time of entry into the trade was 61.4.
Our goals for this trade are as follows.
Take-Profit is set at 122.8.
and Stop-Loss Order at 52.2 At the moment, the price is moving well in the signal direction, and we we have already had a profit of 2.61%. By the way, this happens quite often after the previous trade is closed by stop, so we opened the position with a good discount. And if we look back, what
Would you dare to buy Real Estate Stocks in China?WIthout the government stimulus, I think many of the Chinese Developers would go bankrupt....
Country Garden, the largest developer in China has peaked in 2018 at 18+ dollars and todate, it has dropped more than 97% of its share price to recover at a miserable 2.83 dollars. Financially, it is still on very shaky grounds as no one knows how long is stimulus would last. There are still many unresolved problems internally and externally. A large percentage of over hang and uncompleted projects in
Is Tencent glorious days over ?Read this latest article here
The main culprit can be attributed to the central government crackdown on the tech sector which almost kills the likes of Alibaba, Meituan and other listed tech companies. They have all suffered a fall in share prices of 50-65% from its peak.
In Tencent case, the withdrawal of its largest shareholder sent shivers to many retail investors who had been a great fan and support of Tencent for a long time. Hedge funds and other investment banks are either pulling o
HKE Holdings Ltd.On the above 10-day chart price action has printed a 500% move since September last. Now is a excellent short opportunity. Why?
1) Price action prints at macro resistance
2) Price action prints a bearish engulfing candle
3) Broken RSI support.
Is it possible price action continues higher? Sure.
Is it probable? No.
Ww
Want to get your hand on EV stocks in China ?Read the latest articles here , here and here
The weekly chart shows all 3 EV companies have broke out of its weekly bearish trend with Li Auto reaching its previous peak yesterday.
The EV market dominated by China is one of the pillar that it wants to focus in the coming decades as evidenced by the extension of the NEV tax reduction (read here )
If you are not keen on buying auto companies, there are downstream players in the supply chain that you can consider , such as battery manu
The Importance of Understanding the financial statements
Introduction:
Investing in the stock market can be an exciting venture, but it also comes with inherent risks. As a beginner investor, it's crucial to arm yourself with the right knowledge and tools to make informed decisions. One of the fundamental aspects of analyzing a company's financial health is understanding its balance sheet and income statement. These two financial statements offer a glimpse into the company's financial position, performance, and overall stability. In this article, w
3Education
75% drop from the peak for Meituan , would you buy ?Read these news here :
www.reuters.com
I am not aggressively buying at this moment although the revenue has improved over last year. I will wait for the breakout from the bearish channel before deciding and takes time to do more research.
As Meituan started as a food delivery platform and dominate the largest market share in China, it has also branch out into other areas like ride sharing, bike sharing, restaurant management services. Also, it has expanded its services into Hong Kong , out o
Gaming is here to stay for a long long time.......Think of 3 things in your life that you are highly dependent on. Ready? 1 , 2 , 3
1. Social Media
2. Fast food
3. Mobile Phone
I did a quick survey among my circle of friends and came to the above conclusions (may not be conclusive). It is tough to imagine kids today will spend time to play Monopoly or Scrabble games (a luxury in my childhood time). Of course, there are cafes that cater to such demand but it is a niche.
Just take a look when you are out of your house. Are you not surrounde
Still looking for a clean breakoutTaking a look at HKEX:2252 , after failing to reclaim 30HKD at the end of March, the price has been falling. And suppressed by a trendline, we see many failed breakouts (H2 TF),tbh this is BRUTAL.
So what I'm looking for rn:
1.Go below ATL 16.4, double bottom;
2.A clean breakout on dailyTF, above MA10 better;
3.Reclaim 26.5→30, which is a huge level;
4.Consolidate for ATH.
NFA, and if thing goes south, we might get a 50% discount.
Baidu (9888) is currently consolidatingBaidu (9888) is currently consolidating between HKD123 and HKD112.80. A daily close above HKD123 could be a catalyst for a quick
retest of HKD129.10 resistance or even HKD139. However, a daily close below the HKD112.80, which is also the April-May 2023 lows,
could trigger further selling pressure and a potential retest of HKD101.60 support.
Airline stocks - victims of Protests and CoronavirusAlready suffering under the curse of the HK protests, Airline stocks are heading south and now with the Coronavirus and being banned from outbound tours, we are of the opinion that we will see more dark days ahead for Cathay Pacific, among the other airline stocks.
Currently, it is settling at 9.58 , may rebound a little and likely to go further south. So long as it does not break the bearish trend line, this stock is unlikely to see the light at the end of the tunnel and has more downside t























