HK9926 chance to breakout from its long term range?
With its oversea partner (US.SMMT) breakout and achieve 10x in a year, I think HK9926 is likely to breakout and extend its range, to form a leg, from current long term range.
HK9926 still have momentum and see if it can breakout through this momentum, I think currently is still a buy.
There are still some catalyst coming this september and see if it can hold this current price range above $60.
But I won't chace SMMT as it is over-extended in weekly timeframe and could experience a retrac
Low price is not a MUST to go LONG for stocksYes, there is still an ongoing trend with the bubble trend in many countries and Baichadao is one new entrant. However, the financial figures indicate that it could be losing market shares from competitors like Starbucks China (global brand and also suffering weakening revenues as consumers tend to spend more).
This consolidation stage can last from weeks to months or years as we have seen in many stocks so do not fall for the trap that low prices means you are scooping in for a bargain. Do you
Hongkong & China Gas: Do not let up!We stick to our primary assumption that the price should make another attempt to overcome the resistance at HK$6.77 and succeed this time. Finally, as part of the magenta wave (4), we expect the price to rise into our same colored Zone (between HK$8.44 and HK$9.19). Investors could open short positions within this range, with stops placed about 1% above the upper edge. The last leg of the beige wave II should then trigger larger sell-offs. However, we consider it 44% likely that the price is alr
Ping An Insurance - getting closer to another breakoutThe support at 29.85 was fairly strong and the price point proven itself to a minor rally but ain't strong enough to break out from the bearish trend line.
We are at this juncture once more where it could either break out soon and continues rally or revisit the support line at 29.85 , consolidate for a while more before the breakout, hopefully not a breakdown.
It pays a good stable dividend of over 7% and is pretty diversified in tech, insurance both online and offline and secure businesses f
Bottom ZoneWe are in a broad bottom zone that has begun to be built in the end of March already
There were chances for short term traders espcecially at the end of April to the end of May when Xpeng tried to beak out of the range. Finally the range has been confirmed and may be considered as bottom building . The Bollinger Band is confirming the undecidedness of the market at present. Thus everything is posssible from here. But as I consider Xpeng being a healthy company and the stock had lost about 90 %
TRIP.com / Beginning of Up Trend Stock Beginning of the trend Stock, breaking the Wyckoff accumulation Phase
and has Volume Profile Normal Distribution Support
The volume from Accumulation Phase has not yet been sold out. It can continue with accumulated volume with first target at 261.8 Fibonacci Retracement and cluster with 161.8 of Fibonacci Extension.
Strategy Buy on dip at 368 - 390 for buy set 1 and if the price drops to 368, there is still buy set 2 at prices 330-355 by waiting for Reversal Pattern.
Trading in your plan wit
Who will be the King of Road in the next 5-10 years ?If you have not had a chance of taking a driverless taxi or robotaxi as it is commonly known, then you may be in for a culture shock when you take one. It's like an invisible driver seating in front of you, keeping his mouth shut and focus exclusively on bringing you from one point to another.
Just like Uber, Grab, Lyft initially, they burnt cash to grab market shares. A 45 mins drive in Wuhan, China costs only less than 12 RMB , slashing the prices of the human taxis by a lot. Already, these
Why I am not buying Baidu ?as you can see , it is still within the bearish channel, no indication of trend reversal pattern. So what's the hurry? It might goes lower. To me, TA is reactive, our roles should be when this pattern emerges, what am I going to do? Let your research work - fundamentals secure you on the selection process. Everyone uses different metrics.....
Could it revisits its Oct 22 low of 73 price level ? I doubt so but it is possible so let the chart plays out and then decide the next course of action. O
763 - 5 months ASCENDING TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- sin
2638 - 6 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- sin
Tech Giants of China - when will they see their glorious days?We can see a similar pattern for Alibaba and Tencent shares in the daily chart. Both are in a consolidation stage and the resistance is hampering the price action to rally further.
I am watching closely this level and any breakup with a bullish signal could be a potential trend reversal to the bullish side.
Patience
Alibaba Holdings UpdateA few positive things did happen for Alibaba. The removal of Daniel Zhang and being replaced by Joseph Tsai. So far, I like what Jospeh has done for the company, making it leaner and removing excess fats that are stalling its growth.
They have also started to declare dividends and shares purchase buyback, boosting investors confidence. We have seen the share price pretty stable at 70 price mark although the recent days has seen it gone to a low of 67.30.
Like Tencent, I am in no hurry to acc
Your window of opportunity to get Alibaba is here!Alibaba, once the talk of the town some years back had suffered a lot of backlash with news saying the disappearance of Jack Ma, how he offended the government, rumours he retired in Thailand, etc.
From the day chart, we can see a nice trend reversal pattern that is being played out with HL and HH patterns. This signify a trend reversal and it is breaking out from the bearish trend line, another strong indicator.
I like how the management is centering its focus on its core business - Ecommer
Xiaomi updateA whopping 77% drop from the peak of 35.85 to a low of 8.50 in Oct 2022.
It broke the first resistance at 14.26 and is now approaching the 2nd one at 16.88. If it breaks above with a bullish signal, I will add more slowly.
It's launch of the Electric vehicle will give the likes of Tesla, BYD, Xpeng, NIO, etc a good run of their money. While the others are automotive business, Xiaomi has other revenue generating models to depend on - consumer electronics. Hopefully ,the EV segments will give it
Meituan Uptrend Line Price Rejection At 104.8 HKD 06.06.2024- Uptrendline price rejection observed at 104.8 HKD on Meituan's 4-hour chart.
- If rejection holds, potential uptrend to 129.2 HKD.
- Break above 129.2 HKD suggests further upside to 147.8 HKD.
- Conversely, if rejection holds, potential downtrend to 95.00 HKD.
- Break below 95.00 HKD may indicate further downside to 60.85 HKD.
- Apply risk management
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital.
ICT Long setup of a Hong Kong stock: Tencent (700)👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in Hong Kong stock : 700 for Swing trade.
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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