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Chinastocks

$HAPP Bullish rise out of a large Covid downturn over last year?This is a technical analysis of the symbol $HAPP using primarily MACD, RSI and Ichimoku meant to explore if the current trend is temporary volatility or a turn to bullish. Since February 2020 $HAPP has had a large bear trend down from 5.00 $ to a current 2.00 $ with a lowest price of 1.50 $ in between. Now there has been signs of a return to a bearish trend since November 2020 with, in my regard, the most clear signal being the Ichimoku cloud for the first time closing and returning to green. In the image you can see the four primary signals that indicate a bullish trend, highlighted with suns: The price has once again and recently passed over a MA 56 . The MACD has just passed its signal line and instead of doing so above the 0 mark, it has done so right below it. The RSI has moved over the bottom line and is at the time of writing also moving upwards. The Ichimoku is yet again about to close its red cloud and return to green. These are all very clear signals, but lets now look how this chart could instead be interpreted as an impending bearish turn-back. Here are some signals, and thoughts, on this: As Volatility rises so also is any perceived signals reliability weakened. The last lowest candle on the 4 of March 2021 reached a lower price-point than it did in the low candle on the 20th of January 2021. If this trend continues, that is the clearest sign that a return to bearish trend is impending. The RSI could fail to reach the same height as it did on the 16th of February and if it does that could a good indicator that the momentum of the price has halted or at least been lowered. And finally, a few thought on the ranges of the two recent value spikes that had their highs on the 12th of January and the 17th of February: Their price ranges were similar with a value increase of 0.6-0.7 $. Volatility hasn't decreased in any significant way. These two factors together could suggest an impending third spike soon, but because of the lower starting price of this spike it is unclear how far it will move. I believe if it moves above the pre-established 0.6-0.7 $ price increase seen previously then that could strongly indicate that the price will lower in Volatility and a more steady bullish trend could be on its way. In conclusion: I interpret the points laid before you that there is a high probability of an impending spike in price that could be over within a day or two after it´s hit its peak. This is due to uncertainty whether it is a true trend reversal, wishes and beliefs by long term investors that it is a true trend reversal and that their wishes have been met by shorter term investors who cash out or bail out at any sign that the spike has peaked. There are also good potential signals that the trend could be more long-term bullish: If the RSI moves above its previous high on the 17th it would indicate a turn in trend to steady bullish. If the price stays within a price range of ~0.20 $ shortly below a high for around a week it would strongly indicate a turn in trend to steady bullish. If the Ichimoku keeps a green cloud open for longer than a month it would strongly indicate a turn in trend to steady bullish. Thank you, and please, if you have any other thoughts or counter-points make sure to share them so I may discuss this symbol or my methods with you.
HLong
by Kabeldon
This consumer stock will explore (Xiabuxiabu)For those who do not live in China or have never been to China, you probably dont know about this company. HKEX:520 is actually the largest chain of hotpot restaurant in China. In their recent pre-release of annual result, they have declared the earnings has decliend by 90%...but yet their stock price didn't fall on that day...on the contrary it was a green day for them because the downfall in profitability was due to Covid..meaning the current price is actually a bottom line for their stock. If you look at their price action, apparently it has consolidated at around 17.5 a share and its gradually gaining momentum to break-up the downward trend line and once it does, i m sure it would spike towards the 20 dollar mark. With the cut loss price set at the recent low at 15-ish, there is a great 2:1 risk reward ratio for an entry to this stock. Remember that China is almost totally recovered from the pandemic and its expecting to achieve 6% GDP growth this year. The next annual report of Xiabuxiabu could only be better so as its share price
HKEX:520Long
by Squishybrain
METX: Start to a big run?This one is interesting. ESL is a huge industry in China. From what I've gathered over 4 billy. That isn't likely to slow down any time soon. $COE is the only other publicly traded equity in China that I could find (Please let me know if I'm wrong) and that had a similar chart that opened to a downtrend and slowly started growing. The good new here: Cheap AF, 238% increase in gross billings & 192% increase in student enrollments, doesn't seem to be massively overvalued considering the size of china's ESL market, not a whole lot of competition (correct me if I'm wrong) the bad: business seemed to be hit hard during the pandemic, revenue, and a lot of other metrics took a hit. Hopefully the next few quarters they will get back on track, and make the investors happy. Still learning fundamental analysis lol. What do you think about this stonk?
MLong
by adambiers
2
Why $CLEU stock crashed heavily in February?Reason of the increase in the begining of the february is likely traders in private chats pumping up shares of the stock. Social media talk seems to suggest as much. This has been a growing trend in recent months with Discord groups dedicated to pumping and dumping stocks. Due to the private nature of Discord groups, it’s hard to pin down where exactly the push into CLEU stock came from. However, once news of the pump spreads to larger social media it typically creates interest in stocks as other investors jump on the bandwagon looking for profits. finance.yahoo.com
NASDAQ:CLEU
by AlenCiken
2
China's Consumer Discretionary ETFFrom the beginning of 2020, emerging markets, and specially China, had been really outperforming. The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel. We have tested the 50sma, which has worked as the lower channel trend line in this system. Risk-reward-ratio is fantastic as we can a stop below the moving average; with a target around $42. Top 5 Holdings: Meituan (10.38%) Alibaba (7.92%) NIO (7.42%) JD (6.98%) PDD (5.94%)
AMEX:CHIQLong
by dorfmanmaster
1
$RIOT blockchain Stock skyrocketed to new highsBitcoin Blasted Above $50,000 Today, Causing Riot blockchain Stock to Soar as Well More and more, Bitcoin is becoming accepted by major companies, suggesting it is well on its way to mainstream adoption. catalysts that are pushing bitcoin price up: - Mastercard (NYSE:MA) announced that it will allow cryptocurrencies on its payments network before the end of 2021. - Bank of New York Mellon (NYSE:BK) will also start supporting its clients' Bitcoin needs, according to The Wall Street Journal. If these truly are the early signs of the so-called phase four of Bitcoin's adoption, then demand could keep growing for Bitcoin throughout 2021. Demand is growing, and that's why the price of Bitcoin has soared in recent months. And many investors believe a good way to play this trend is by buying Bitcoin-mining stock like $RIOT blockchain. . Riot blockchain get essentially paid in Bitcoin for providing computing power to the blockchain network. And investors believe revenue and profits will soar with the rising price of Bitcoin. Moreover, investors are getting excited to see Riot blockchain amping up their computing power (known as their hashrate) because some assume this means the company will be able to mine more tokens. Riot Blockchain announced it's deploying new equipment over the next week that will take its hashrate to over one exa-hash per second (EH/s). That's quite a lot, and it's an increase of 26% from where it is right now. But investors shouldn't assume that means the company will mine 26% more Bitcoin.
NASDAQ:RIOT
by AlenCiken
7
Why $BRQS Skyrocketed in 2021Why $BRQS Skyrocketed in 2021 There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media. $BRQS shares were buoyed — thanks to discussions and speculation on Twitter and Twitter hashtags at the start of the month.. Chinese 5G/Ev/blockchain Just before Christmas last year, the company announced that it would be reducing its debt by $18 million and eliminating institutional loans. Also in December 2020, the company signed an agreement to build a 5G industrial park in China. The other positive factor for the $BRQS is the surging price of bitcoin-blockchain technology. investorplace.com twitter.com
B
by AlenCiken
NIO MAY BE BREAKING OUT OF FLAG PATTERNKeeping an eye on NIO today. I have a position but if it breaks out of this Symmetrical Triangle to the upside with confirmed volume, I will be adding to my position. Reasons: 1. Volume contracted on consolidation 2. Earnings beat last 3 quarters 3. EV sector.. and China stocks may outperform US in near term due to frothy US market in my opinion. (other reasons I will not publish) Please do not take this as investment advice. Make your own decisions.
NYSE:NIOLong
by Tea-Trades