Flat top in makingThe candles are moving according to the pattern of Flat Top.
Referring to Fib Retracement of last top, clearly seen that Yellow hidden line is one of the Support around 26.75, eventually the Flat top to be broken also falls around 26.75.
Let see if it can break, and surge to 30.00.
Tencent continues consolidation before rallying to the upside! Hello everyone. Recently, I just visited the HQ of Tencent in Shenzhen. The business trip was fantastic! I never thought Tencent got so many powerful apps pending on the pipeline. The visual tour, AR as well as so many others really got my attention. I'm confident that those products will become the pillar of its revenue in the future.
Now, let's go to the technical side. Obviously, the price is consolidating around the narrow range. In my opinion, the confluence zone is just below so this i
AAC Tech (2018 HK) [1-3 weeks view]This is an analysis for a client.
Price holding above moving average
Stochastic is testing support where price bounced in the past.
With price holding above ascending trendline support, we can expect a push up.
Please do your own due diligence.
Losses can happen so please understand your risks and investment objectives first.
Trading Idea - Qingling Motors Buy - HIGH SPECULATIVE PENNYSTOCK!
Entry: 1.72 HKD
Target: 1.90 HKD
Stop: 1.65 HKD
1.) Strong resistance avead! Around 1.90 HKD
2.) Rejection at the 0.5 Fibonacci Retracement indicates a trend continuation
3.) if we break the resistance level, 2.15 HKD possible!
4.) If you trade this stock on european exchanges, take care of the spread!!!!
Nagacorp (3918 HKSE)Descending triangle has formed as part of larger down trend/symmetrical triangle going back to OCT20. Base was broken on 20/4 and the shorter term support was breached on 21/4 with backtest without volume on 22/4. Short at ~8.68 with SL at 8.95 (4c above the 10 EMA and above the base of descending triangle). Start with half size and when further breakdown on volume add remainder.
Keep this stock in your watchlist !I am keen to acquire this stock as I expect the domestic tourism business in China to improve further and is a matter of time before the outbound travel commence. Nobody can travel without making a booking and you need a platform. Trip.com is well positioned in this business !
At the moment, chart is tough to analyse so I will wait a while more and yes, IPO stock is speculative but this is not a new listing per se as it is already listed in the Nasdaq market.
SEHK 1810 - Xiaomi Breakout?Since the March 2021 sector rotation from growth to value, many of the technology equities have sold off heavily - Xiaomi being one of them. I believe Xiaomi is a good pick to have in your portfolio for the following reasons:
Fundamentally
1) An Entrenched Product Ecosystem to Secure Market Share
Xiaomi has built up its brand by acquiring users with affordable and high quality smartphones. Since then, it has expanded the variety of its consumer electronics products to include power banks, ea























