3Long
Market CorrectionLast week there was the false correction with all Asian stock taking false jumps.. Most are working their way back down.
With earnings being released next week the downward trend on the 1hr chart will be evident.
Short
Correction coming... DowntrendRecent world conflicts have driven the supply down, coupled with the recent COVID lockdowns we will see a definite drop.
The was a false pump in the last couple of days across all asian stocks which would of hit a few people stop loss.. Definite strategy to blow out peoples shorts.
Short
Short position on Redco Properties Group LTDShort position on Redco Properties Group LTD
As Fitch downgraded Redco to C I assume the stock price will fall to 1.96$
Order details:
Entry price: 2.24$
Take Profit: 1.96$
Stop Loss: 2.33$
Short
TENCENT - Observation- Tencent is -60% from its high (Feb 2021)
-30% Just in the last month (Mar 2022)
Rising wedge measured move could reach the 250 level at this rate . Nasty 😨
China petroleum may rise because of world situation around warI hope most of you have an idea about how would oil price impact the current economy & financial stability around the world. What I mainly concern is that Petroleum company shares could surge in the near future.
Long
Tencent Honkong Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Rainy weather , best to eat steamboat with family !The weather has been raining for the past few days here in SG and we were told that this pattern might continue ........
And to many Chinese, they love to eat steamboat ! And one popular restaurant serving steamboat that offers excellent customer service and wide variety of food is Haidilao. If you have been to any of their outlets here , it is not surprising to queue for more than a hour before you can get a table.
Of course now they are affected by the COvid and how many patrons allowed per
XIAOMI.....At the end of the down-trend?Hello Traders,
XIAOMI, the Chinese smartphone maker, is showing weakness since weeks.
The stock has fallen down to 12,74 HK$, and it seems there is no „tomorrow“ for XIAOMI!
But, is this the truth?
Let's check the stock.
Arguing that the rise from 8,28 to 35,90 HK$ was a complete impulsive move, the correction is a wave 2 of „intermediate degree“! That means, most of the gains have blown away, and the bears took control of the stock.
Sentiment is so negative against XIAOMI (and most of Chinese s
DO YOU KNOW YOUR INCOME STATEMENTSHello,
Herein a simple way for you to understand your income statements.
Assets are things that are valuable. Liabilities & Equity are obligations to both lenders & owners.
The income statement has two parts being how funds can be created & how they can be used.
Good luck.
3Education
XPENG -updateXPENG (9868) plunged and hit first downside objective HKD103.4, as anticipated last week. As price action showing lower lows and lower highs since January 2022, EMA10-EMA20 and MACD showing bearish crossovers, there is a possibility of Xpeng reaching HKD87.6 support. This level is Fibonacci Extension 1.618 levels, derived from high of HKD161.8 and low of HKD115.9. In contrasts, a daily close above HKD143 provide short term relief rally with upside resistance seen at HKD161.8 and HKD177.3.
Chinese Real Estate YikesYikes. Nothing else really to say here, just another domino falling even further.
The chart is an average (1 year or 2 year avg, can't remember, sorry!) equally weighted index of some of the big companies with lots of domestic investments. A handful of these companies, and maybe some not in the chart, are failing to pay interest payments on debt.
Good luck and hedge your bets.
Short
Long
HK 175 Geely auto Boom will soonGeely 175 HK is reaching Lowest area since 2020 Jun. 2020 May to June, highest volumes are there, It is very strong support. Good luck
Long
Is the Evergrande crisis over?The looming collapse of China Evergrande Group (HKG:3333), the world’s most indebted property developer, has roiled financial markets for months, threatening a contagion with far-reaching implications on China and the wider economy.
In the early months since Evergrande’s financial crisis came to light, Beijing stayed mum on the issue, although the People’s Bank of China pumped billions of yuan in liquidity in what was seen as an attempt to quell liquidity concerns.
Over this time, Evergrande’s
3
XPENGXPENG (9868) price action favors the short sellers. This because EMA10-EMA20 and MACD showing deadly crosses, a bearish sign. In addition, it also forms higher highs and higher lows since Dec 2021. Hence it is likely to further extend its downtrend and present short selling opportunities once HKD115.9 level broke thru. First downside objective is HKD103.4 while second downside objective is HKD87.6. Both levels are Fibonacci Extension 1.272 and 1.618 levels respectively, derived from high of HKD1
$TENCENT Key levels, Analysis & TargetsTENCENT (700) Key levels, Analysis & Targets
Forecasting stock prices using Fibonacci theory
Short
$2618 Key levels, Analysis & Targets2618 Key levels, Analysis & Targets
Time frame D1 Bullish Divergences in MACD & RSI Indicator
Long
Xiaomi is completing a big correction and is ready for C A rise in the form of three waves and a diagonal and then a fall in the form of an abc and a diagonal show that we are in a larger scale in a triangle or a structure like this
+The analysis is based on the fact that the United States reached a trade agreement with China to prevent its enemies from uniting.
Long
2022-02-23 00700Tencent Holdings’ valuation is relatively cheap now. Tencent’s logic is very simple. Conservatively, even if it is an infrastructure with a growth rate of only about 10%, it can also correspond to a price of around 430, with a margin of safety, but Tencent should be more than just a foundation. Facility, I think the market's concerns about antitrust are overdone, and I feel that Tencent's opportunity is similar to that of liquor during Prohibition. Of course, in terms of the future trend, it may
Long
$9988 Key levels, Analysis & Targets9988 Key levels, Analysis & Targets
Time frame D1 Bullish Divergences in MACD & RSI Indicator
TENCENT; respecting Upchannel & Fib levelsDespite the recent crash in Chinese stocks, TENCENT & JD seems to be the leaders in recovery. The reason may be due to their more diversified business segments. Alibaba & Baidu are the laggards.
The chart shows that the channel & Fib levels are being rejected.
Most likely wave 4 has already bottomed & wave 5 of III has started.
Wait for price to break the diagonal pivot line.
Not trading advice
Long
TENCENT - 🧐🧐🧐Tencent holding up fairly well this morning after Friday's USTECH sell off...
Something to note is we do have a little unfilled gap below and we currently testing the short term uptrend.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Long
TENCENT (0700)Tencent (0700) is currently trading near the green trendline. Its EMA10-EMA20 and MACD golden cross suggesting a possible uptrend. Hence there is a possibility of a retest of the HKD510 resistance with next resistance at HKD550.98. In contrast, a bearish bias and a short selling opportunity might arise if there is a daily close below the red trendline. Subsequently, downside support located at HKD400 and HKD368.
