Tencent: Significant Decline!Tencent's stock took a significant hit, creating a noticeable gap in the chart. Nevertheless, for now, our primary assumption remains that the price is currently working on the turquoise wave 3 and will soon move toward the resistance at HK$715. Afterward, a corrective movement should follow during wave 4. However, if the stock falls below the support at HK$364.80, downward pressure will mount significantly and make it increasingly likely that the price will drop to new lows below the nearest ma
Shooting Star ConfirmedToday's engulfing red candel has wiped out the doubt that yestrerday's small red candle may finish the fall already. Today's trading day has closed the downward window opened yesteray as well. Thus it may be seen as an independent new bearish signal.
The Star of Tuesday and the more the Shooting Star past week as well as today's engulfing candle plus the window yesterday are a chain of bearish signals in a row.
Tencent Holdings LtdIs Tencent Stock a Buy Now?
Tencent posted its third quarter earnings report on Nov. 16. The Chinese tech giant's revenue fell 2% year over year to 140.1 billion yuan ($19.8 billion), which represented its second consecutive quarter of declining revenue since its IPO in 2004. Its net profit rose 1% to 39.9 billion yuan ($5.6 billion). On an adjusted basis, which excludes its investments and other one-time items, its net profit grew 2% to 32.3 billion yuan ($4.5 billion). Those growth rates seem
Beginning of the Uptrend for Stock #01Beginning of the Uptrend for Stock #01: 9988 (BABA)
The price has broken out of a consolidation range that lasted approximately two years, supported by a normal volume distribution.
The stock has risen to meet the Fibonacci Extension resistance level of 161.8 at a price of 144 HKD. Currently, it is forming a sideways consolidation pattern on the smaller timeframe, establishing a base structure viewed as re-accumulation.
The 6-month target is set at the Fibonacci Extension level of 261.8, whic
HK2359 Bullish Wave 3In the second half of 2024, the stock accumulated energy and cooperated with the policy to make a beautiful rise, and then fell back to the 0.382 Fibonacci retracement line and fluctuated repeatedly. I believe the next wave of rise is coming!
I will buy intraday, the yellow line is the support level, about 51.1 (this is a relatively safe entry price), and the first target profit stop level is 72.45 (Fibonacci retracement line 1.000)
I am very optimistic about this stock. When there is a declin
Modern Dental Presents and Extremely Asymmetric Long opportunityCompany Overview
Modern Dental Group, based in Hong Kong, is a global provider of dental prosthetics, including crowns, bridges, implants, and dentures. They also offer orthodontic devices, sports guards, and dental equipment. The company operates in over 23 countries with 80+ service centers. It has expanded through acquisitions, including in Thailand and Vietnam, and launched the QJ Smile clear aligner brand in China. Modern Dental Group is publicly traded on the Hong Kong Stock Exchange und
I'm starting to ask— is it dumb not to own Prada?This analysis is provided by Eden Bradfeld at BlackBull Research.
Prada — here’s a luxury story that’s outperformed peers in recent times — sales up +17% in 2024 — Miu Miu drove sales a remarkable +25% (+93% in Q4 alone!). It’s been a long, funny life as a publicly listed company for Prada — they listed on the Hong Kong exchange in 2011 and the stock surged, and then sat flat for ages, going sideways. There was a lot of doubt if the Italian family-controlled fashion house could grow — it’s
BYD - What next post-earnings and the BoC's stimulus?HKEX:1211 has had a strong year in growth prospects, reporting solid earnings growth thanks to its robust EV sales and expanding footprint in international markets. The recent earnings beat highlighted an impressive increase in revenue, driven by the demand for both their electric and hybrid vehicles. But what we can notice is that the stock has only reflected this as a c.16% rise in price YTD. However, the question now is: where does BYD go from here?
- More recently, the BoC's latest stimul
Sunac China Holdings: A Distressed Developer’s Road to RecoveryThe Chinese real estate market has been in turmoil, with developers facing liquidity crises and mounting debt. Sunac China Holdings Limited (1918.HK), once a dominant player, has struggled to regain stability following severe financial distress. After defaulting on its offshore debt in 2022, Sunac embarked on an extensive restructuring process to avoid collapse.
Financial Troubles and Restructuring Efforts
In 2023, Sunac successfully completed a $9 billion offshore debt restructuring, convert
$NIO The OBV is showing signs of a squeezeWatching the OBV, I notice that it has tanked recently forming a wedge.
Usually stocks build up the pressure, release it on the OBV, and the stock price rallies for months if it plays out on a long-term chart, as is the case with NIO.
I'm expecting a rally to $30-$40 in the coming months.
How to Count Weekly Waves Using RSI5A valid corrective wave occurs when:
- ABCDE
- ABC (A > C)
Using RSI 5 to count and filter noise: A wave is considered corrective when a reversal candle appears, and the next candle moves in the opposite direction or shows little movement. If the following candle continues in the previous direction and breaks the prior high/low immediately, it is still considered a continuation of the previous wave.
Is Alibaba still a BUY ?Now, from being ostracised by the Central government to being in the limelight after 3 years, we are now seeing Alibaba returning to stage once again and capturing the hearts of "love and hate" retail investors.
Those who had bought it around 200 price level back then would be relieved in some way to see the share price slowly inching back to their purchase price and their paper loss amount reducing. Hope this gives them a good night sleep.
There are many school of thoughts in investing and t
Pico Far East (HKG: 0752) Hits 52-Week High After Strong ResultsPico Far East, a Singapore-based event management company listed on the HKSE, specializes in exhibitions, events, and brand activation services.
With robust financial results, the company offers an attractive dividend yield of nearly 6%.
Its share price is now traded at a 52-week high.
SenseTime (0020.HK) – Leading AI InnovatorThe recent introduction of Deepseek has driven a surge in HKSE tech company share prices.
SenseTime, a leading AI company in China specializing in facial recognition and automation, is among the beneficiaries of this rally, supported by strong government backing and increasing global AI adoption.
The chart displays a bullish candlestick pattern, signaling potential upward momentum.
Concord New Energy (00182.HK) Signals a Potential ReversalConcord Energy, headquartered in Singapore, is a Chinese power generation company operating in mainland China, Australia, New Zealand, Spain, Italy, the USA, and Canada.
With global energy consumption on the rise, particularly in China and the USA, increasing electricity demand driven by data centers and AI computations is expected to benefit power generation companies.
This counter offers a 7% dividend yield, and the chart indicates a reversal test pattern. I maintain a positive outlook on th
Sensetime (HKEX) Long Term Uptrend with Bullish Flag PatternWeekly - Long term starting to trending UP. and Bullish.
Look like forming Bullish Flag Pattern.
Need to break above 194 (Turtle Buy Signal) and 200 (Psycological Level) to expose next pit stop at 300.
MCDX Selling Volume (MCDX Green Bar) reduced to 15% - Good sig.
MCDX Buying Volume looks active increasing to 66%. - Goog sign
Sell Signal was voided by +ve FiFT with BoD signal
Support zone 120-150.
Look for BoD at 150 zone. Or BoB above 194-200.
BiliBili $HKEX:9626: Bullish-Is This the Perfect Buy OpportunityBiliBili HKEX:9626 : Bullish Breakout – Time to Buy?
Recent Market Movement
BiliBili HKEX:9626 is showing strong bullish momentum as of February 13, 2025, breaking past the HK$152.8 resistance with high trading volume ( white text and circle ). The double bottom pattern suggests a possible long-term uptrend, making this an interesting setup for investors ( Green text ).
Buying Strategy
Buying range: HK$129 - HK$177.1
Ideal entry: HK$141 - HK$161 (after breaking resistance)
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