LKCO Uptrend + Upcoming Levels To WatchLKCO in a nice uptrend and if you're watching a few levels to keep in mind are around the 50 Fib and then another level around that 382 fib. Volume has remained consistent & fundamental events could also be thrown in the mix right now:
"The company has established city and industry-level holographic Spatial-Temporal digital twin systems which can be added to autonomous driving vehicles. Recently LKCO expanded its business to more clients despite COVID-19 concerns.
“We have placed a premium on cultivating new service relationships with multiple automobile manufacturers globally as the entire industry continues to drive new autonomous-vehicle capabilities. We feel that these recent service contract signings are reflective of our standing within this market, and we are very pleased to be partnering with another reputable and influential company within the auto industry.” - Xuesong Song, Chairman, and CEO of LKCO
With its role in the auto industry continuing to grow, LKCO is a large player in the autonomous driving industry. Because of that, it could be worth adding to your list of penny stocks to watch in the coming months."
Quote Source: 9 Hot Penny Stocks to Watch For the Upcoming Week
Chinastocks
$BABA short term for double down. Long term moon!NYSE:BABA
It seems $BABA want to test $191.
Based on history since IPO, the share price is in an upward trend. But there is 2 times the candle overshoot the support.
Expect the same, will drop to around $191 before a rebound.
Fundamentally great, can't go wrong unless China forces BABA to close which is impossible.
DQ Will Benefit from Polycrystalline Silicon's Rising PriceThe NYSE-listed company registered for an IPO on the Star Market at the end of May 2021.
● Daqo New Energy's profitability has been relatively unstable over recent years, while its sales have been increasing.
● To improve its competitiveness, the company decided to lower expenses and enhance product quality.
● External opportunities will exert a positive effect on the firm, including rising prices of polycrystalline silicon, increasing global need for solar energy, and other policy benefits.
● Major risks come from lower raw material prices, new energy consumption pressure and conflicts between different government subsidy programs.
The recent downfall of the solar panel sector has aggravated the stock market unnervingly since the beginning of 2021. Some of the solar-related stocks dropped below a 200-day moving average. Daqo New Energy's shares have also been adversely negative, decreasing by approximately 40%.
Daqo New Energy was founded in Xinjiang in 2011. After a nine-year development, the firm completed its 4A project operation, with the total production capacity reaching 70,000 tons. Specifically, the firm specializes in developing and producing polycrystalline silicon, accounting for a 16.5% market share in the production chain of silicon materials.
Outstanding sales volumes NYSE:DQ
As a leading silicon material firm, Daqo New Energy's sales volumes have presented a dramatically increasing trend after establishment. To be precise, the company had the highest YoY growth rate in 2020 for 96.31% while gaining sales volumes of about 74,811 metric tons. Although its revenues have been increasing from 2014, its gross margins were fluctuating. This might be due to its changeful average selling prices (ASPs) affected by the industry.
For the full article with the charts, please visit the original link
Improvement of self-competitiveness
To cope with the intense competition in the polycrystalline silicon industry, this silicon material firm focused on two aspects to enhance its competitiveness. The first demonstrates its cost and price advantage. After setting up, the firm aimed at creating affordable products to offer to its clients. As a result, its average production prices have been in a downward trend since 2014, and eventually lowered to USD 5.85 per kilogram in 2020.
For the full article with the charts, please visit the original link
While decreasing its product prices, the firm still improves its product quality. In detail, Daqo New Energy strictly monitors the process from raw materials procurement to production and delivery, and testing inputs in each stage. By the end of 2020, it owned over 30 process improvement projects to improve its polysilicon manufacturing process. Furthermore, it received ISO 9001:2008 certification for its quality assurance system.
Beneficial opportunities externally
Apart from the above efforts, Daqo New Energy also benefits from three external factors. First of all, The public's growing need for polycrystalline silicon is ever-expanding. Although the domestic proportion increased from 64.1% in the mid-2019 to 81.47% by 2020's same period, there still was 20% left with import volumes, indicating other rooms for domestic alternatives. In other words, the domestic supply was still lower than the domestic need, serving as a boost engine for raising polycrystalline silicon's price. The silicon material firm will also gain profits from this rising price trend.
For the full article with the charts, please visit the original link
Secondly, there is an increasing global need for solar energy. Due to the adverse effects of global warming and COVID-19, solar power appeals as a green investment opportunity for global investors. As a leading raw-material provider within the solar energy industry, Daqo New Energy has been taking the lead in China, in which annual demand for solar energy is expected to exceed 70 GW in the future.
Last but not least, policy benefits swing Daqo into an upper hand position. To complete carbon neutrality before 2060, the National Energy Administration in China is actively promoting photovoltaic power generation this year, which occupies 11% of the whole. Under this situation, China Photovoltaic Industry Association (CPIA) is expecting a dramatic increase in the photovoltaic industry's installed capacity. Specifically, China will install 123 GW by 2025. Silicon materials are important to the upstream of the photovoltaic industry chain, giving Daqo New Energy more room for development.
For the full article with the charts, please visit the original link
One of the top ten leaders in the industry
At a global stage, the company's production was comparatively stable from 2017 to 2020, hovering around the top five and top six among all companies in the world. However, compared with Zhongneng Technology, its production was still lagging behind, indicating more room for development.
For the full article with the charts, please visit the original link
From 2017 to 2020, Daqo New Energy's profitability was comparatively higher while other expenses were lower. For instance, the silicon material firm's operating incomes, gross margin and ROE were higher than Asia Silicon. On the contrary, its period expense ratio and R&D expense ratio were lower than Asia Silicon and Tongwei, separately. Although its R&D expense ratio is in a rising trend, the average in these three years was merely about 1.06%, which still needs to be improved.
For the full article with the charts, please visit the original link
Potential risks
Except for the above factors, the company also has three risks. First of all, lower prices for monocrystal silicon and polycrystalline silicon will hinder its future development. Recently, China's silicon industry's average selling prices have been dropping, moving lower than imported silicon prices. As a result, Daqo New Energy's ASPs were also lower than the current market price.
For the full article with the charts, please visit the original link
Secondly, the company faces pressures from new energy consumption. With the new energy market's rapid development, there still are some issues in new energy consumption. Specifically, abandoning the wild and light, limiting electricity will still be the essential factor to restrict new energy's development.
Thirdly, the risk of taking back subsidies from electricity prices. Due to the more extended period of closing an account, there is always a delay from China's Ministry of Finance's new energy subsidies. This situation will further affect the power generation enterprise's cash flow, harming the actual investment result.
Bottom line
As the photovoltaic industry has been rapidly evolving, Daqo New Energy has caught this headwind and continues to grow. Furthermore, the company's self-improvements have ensured it maintains a good rank globally. Although there still are some risks, they are not likely to severely affect the silicon material firm's business.
Alibaba warms the engines for a full-bodied climb ?According to algorithmic advisor Market Miracle $BABA is ready to rise again.
In fact, an input signal was produced at a price of USD 211.06 for a target of USD 235.59 or a potential profit of 11.62%
According to the reference sites that I follow for the fundamental analysis, Alibaba is a healthy, well capitalised company that has no particular risks and is below the fair price of about 32 %.
Both the reasons of which I am have made me interested to the Stock and analyzing it from the graphical point of view I would expect a price action similar to that one from me imagined on the diagram.
I will definitely take positions on the title in the next few days.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
China Life Insurance Co Ltd 🧙Headquartered in Beijing and commanding around 20% share, China Life Insurance is the largest life insurance company in China. The firm offers group and individual life insurance through exclusive agents, bancassurance, and other marketing platforms. While the bulk of profits stem from life insurance policies, additional operations include short-term policies such as accident and health insurance. The company is currently undergoing a business transformation toward the sale of long-term protection products and away from short-term and single-premium products.
GSX Techedu Inc 🧙GSX Techedu Inc is a technology-driven education company with core expertise in online K-12 courses. Its K-12 courses cover all primary and secondary grades. It also offers foreign language, professional, and interest courses. The company's segment includes the provision of education services. It operates solely in the PRC and all assets are located in the PRC.
If you want not to miss ideas like this one,🎯 subscribe and press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
Looking For CHNTECH Bullish Signal On HourlyCHNTECH is in the bullish area on the daily chart on the left. A bullish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 80 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly low in conjunction with risk management techniques.
Chinese EV Stock Xpeng XPEV Has A Bullish PotentialXpeng XPEV violated the downward trend line with a bullish strength and momentum.
XPEV could target $34.40 and $41.80 consecutively according to Fibonacci retracement levels.
Xpeng has underperformed this year, with its stocks down by roughly 30% each, since early January.
The Chinese electric vehicle (EV) space is booming, with China-based manufacturers accounting for over 50% of global EV deliveries.
Ehang takes flightMy advisor Marketmiracle has generated a purchase signal for the title Ehang Holding that according to the graphical situation seems to want to take flight.
The target is from 21.46 usd to 28.17 for a potential profit of 31.29%
The stock has a slightly negative market sentiment so it is possible that there is a hesitation before starting to rise,
In any case we are close to the release of the data of the quarter for which it is a trade that hides a risk on the fundamental data and being a very volatile stock is subject to fluctuations even violent.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
BIDU Buy After Double BottomChinese stocks have been beaten up tremendously I think its over done Good time to buy BIDU given the stock just bounced on support. Baidu provides internet search services primarily in China (Chinese Google). Last week Bidu launched China's first fully driverless robotaxi service. 25x P/E is relatively cheap for a self driving play like Bidu when you consider the only other true competitor Tesla trades over 1,000x P/E. The biggest threat to Baidu right now is a exodus of foreign investment into the Chinese market. I think the price already reflects that and the potential for upside far outweighs the downside as this stock is only up 15% in the past 5 years.
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!!!!
Chinese Stocks to pay attention to KonicaAs a company on the technical this is within a growth economy that has underperformed in 2021. I like this because it has a huge under evaluation and falls into a demand zone on the monthly. With a great sign of manipulation performed by monthly spring. With market structure break north side I look for a return to origin to buy. This 78.6% retracement should see more room for this stock to rise.
IINX - China - Battery and Solar - Expanding to EV - The KingCHINA - Battery n Solar - They are expanding to EV charging station
2020 - Big increase in Sales
2020 - Minus but prior was Profit
UXIN - what is going to happen? Uxin is fighting on the channel pretty long time. Today is the date of report earnings. What will happen?
Technicals look like any catalyst can push this at least to 1.50.. After that... who knows?
China economics is looking good while comparing to the rest of the world during the pandemic.
Electric cars are booming in China.
Uxin, as a used-car retailer, can have a huge gains on the market.
Let's see quartely reports.
For technicals I use here :
For looking for the support and resistance - Volume levels, Moving Averages,Tops and Lows.
For trend forecasting - MACD, RSI, MF, Divergance indicator.
For now:
I'm packing bags a little at 1.02
1st PT : 1:28
2nd PT : 1.42
3rd PT: 1.70
Further: who knows... wait for the top and sell then :D
Stop loss: 0.99
Archegos Capital: The Death of a Beached WhaleWhat is a Whale, and Why is Archegos Capital One?
Archegos Capital is what's called a "whale," meaning it's a big enough hedge fund that it can drive prices higher all by itself. Since a lot of traders buy "momentum" stocks, whales can make money by manipulating prices higher and then selling to "dumb money" that buys momentum stocks without regard to fundamentals on the assumption that the stock's momentum is some kind of meaningful signal about the company's health.
Archegos seems to have been doing this for a while now, and it's been doing it largely with borrowed money. Archegos had about 500% more money in the market than it actually has in assets. (We call this 5x leverage.) This money was concentrated in just a few highly overvalued media and Chinese stocks-- ViacomCBS, Discovery Media, Baidu, Tencent, VIPshop, GSX, Farfetch, IQIYI, FUTU, and UP Fintech.
What is a Margin Call? How Archegos Got Beached
Lately, the winds have been shifting and traders have been abandoning overheated "momentum" stocks in favor of defensive value plays. Archegos has been feeling the pain. Then ViacomCBS-- one of Archegos's largest holdings-- announced that it would issue a bunch of new shares. This caused the stock price to drop. The sudden sharp reduction in Archegos's value put it over its borrowing limit and caused its lenders issue a "margin call," demanding that it sell shares to cover its debts.
Because Archegos's holdings were so concentrated, its selling triggered a chain reaction. The prices of its main holdings plummeted, causing more margin calls and more forced selling. As a result, Archegos Capital has lost some $33bn in the last 3-4 trading days. The unwind has been spectacular to watch. Its main holdings are down 15-50%. (Archegos also apparently had short positions in the S&P 500, which is why the S&P shot higher as the fund unwound those positions in the last hour of trading Friday.) Rumor has it that Archegos may still have some $20bn of positions left to unwind this week, including a couple billion in ViacomCBS.
Archegos CEO Bill Hwang is an evangelical Christian (trustee of Fuller Theological Seminary, among other things) who publicly attributes his investing success to his faith. He also pleaded guilty in 2012 to charges of insider trading. He reminds me a lot of ARK Invest CEO Cathie Wood, another whale fund leader who talks a lot about faith. I hope Cathie's investors are taking notes.
Along with the GameStop fiasco, this is the sort of activity you see at major market turning points. What has worked for years suddenly stops working. The tide goes out, leaving bad bets and price manipulation schemes exposed on the beach.
As the Momentum Tide Goes Out, Beware Leverage and Concentration Risk
The Archegos story dramatically illustrates two different points.
First, the market is losing faith in "momentum" as a technical signal, at least until prices correct quite a bit.
And second, leverage and concentration pose a significant market risk. Market crashes require forced selling, and forced selling requires leverage. Overall margin debt is now at an all-time high of $813 billion, according to FINRA data. That's up from $479 billion this time last year. That means that risk is high, and we could see more interesting margin call events if hedge funds fail to learn their lesson from this.