The Billion dollars sales ever raked in one day !US$38 billion was recorded in 2019 for Singles Day which falls on 11th November every year in China. This year, I expect this record to be broken and hit a much higher figure.
Would the much anticipated Ant Financial IPOs be launched before the Singles Day or after ? I don't know but the amount of media attention and how crazy it is over subscribed .
This momentum if continues plus the pent up demand from the Covid -19 may drive lots of consumers in China to go on a revenge shopping trip and buy more than usual. Plus, the vendors will be dangling perhaps more carrots this year than last year and new , traditional players that see a big fall in revenues from their retail shops may jump on the bandwagon and take advantage of this special day.
It is a win win win for all - vendors , customers and of course Alibaba!!!
HKEX:868 Xinyi Glass awaiting break of short-term structure for HKEX:868 Xinyi Glass has formed a flag pattern in the past two weeks. This sits within an uptrending regression channel. It should rebound off $19.26, and then, if it breaks out of the short-term down channel (marked by the two red lines), and hits resistance level 20.64, I expect it to rocket up to~$23.50. Timeframe ~21 trading days.
HKEX:686 BJ Energy Intl pushes past resistance uptrendHKEX:686 BJ Energy Intl has been uptrending since July, albeit spasmodically. It has become a bit more consistent since early November.
It just bounced off support (false break) level of 26.
If I was a gambling man, this will proceed up to $30, retrace to around $28.5 and then bounce again to $33. Timeframe ~10 days
RSI just hit 51. Good entry.
Low volumes tells me this is a reliable trend.
1415:HK - COWELL - Camera parts supplier for phones & tabletsCowell could be an interesting one. Their website indicates that they are one of the worlds major suppliers of camera modules for smartphone and tablet PCs with customers including ABC (who I haven't heard of) as well as LG and Samsung (who I certainly have). Stock chart looks to be bullish at the moment. Bit of upside to potentially fill. Could be worth a watch.















