Chinastocks
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.
Alibaba appears to be recovering and I think it will continueAfter the Ant Group IPO cancellation caused Alibaba ( BABA ) price to drop for the last two months of last year, the price is apparently recovering this month to the levels where it was before Ant Group announced its plans to float on Shanghai and Hong Kong stock exchanges.
Price is recovering despite the Chinese government probe into Alibaba over alleged anti-competition practices.
Personally I don't think is in China's best interest to kill the goose that lays the golden eggs, so probably this year we'll see some regulation without major impact on Alibaba's business model.
This is all speculation based on news and reports I've been reading for the past month.
$BIDU 1h Still climbingAccording to the stock bot the next resistance is 172.74. Insane upside if Chineses stocks can finally rally this week.
Sell BILI at 128$ to 110$ price targetOpen short idea BILI from 128$ to 110$ target price (+15% gain).
Reasons - overbought by Tencent's increasing stake.
Than be care to open long.
AliBaba Good Buying opportunity Mid Range Fundamental record but stable and good buying opportunity on chart.
Price can reach $400 in near future
So perfect Fib Spiral top reversal pattern. BILI is not worth thI won't short BILI, I'm not sure where the top is, maybe 200$ / 300$, that's crazy.
Long stop-loss price: 106.67 / 94.91
BILI is a interesting stock, but I won't touch BILI stock above 120$.
Low liquidity of BILI options, and low leverage for margin trading.
I have no idea why my money forced buying a stock like BILI.
BILI is too young to forecast its stock price.
One of risks is pirated videos on bilibili.com, those videos like a time bomb.
There are lots of opportunities buying other stocks, and those stocks are uprising steadily.
The only reason buying BILI above 120$ after 18 Jan 2021 is that buying BILI like a believer, being a long-term shareholder who firmly believe that BILI would be great than others.
stock analysis by Jiucai334
16 Jan 2021
The Biggest Head & Shoulder in History ?!! This is a new idea, two channels I'm closely watching on SSE.
XPEV - Rise of EV Demands in Europe XPEV entered in Europe their EV's demand can rise in 2021. 30B Market Cap behind NIO , but price can reach $100.
It's a volatile investment but not bad.
$BABA #BABA Opportunity or Trap? $BABA #BABA This one I got stuck in the trade, but I am not worry too much about it, over the longer term it will go higher, technical wise, we dropped and hit the support levels.
If you take a look at the charts, it hit the weekly 100MA and bounce off it. Also a previous resistance area that now is support. If you have a longer term outlook, this could be a buying opportunity. If you remember AMZN, FB, GOOG all had these anti trust problems then moved much higher later on.
Though there is a risk being this is a Chinese stock and not know what the government can do. I took half my holds off before this drop for a small lost and I kept half my leaps around with some short calls to pay down the cost. I'll just keep selling calls to pay down the leaps and possibly sell some put credit spreads to speed up the process. I wait till it find a bottom and will add to it.
BABA is still one of the largest business in the world and still have huge growth ahead of it. It's moat is very wide, they got their hands on every business in China. They have monthly active users of 846 million people! Compare to Amazon 200 million. So longer term they are still a great company to buy. Your risk is mostly political and geographical because it's base in China.
What can happen to EBON ? what do you think about EBON? is it at the bottom now or still a way to go down? would it break the resistance with all the good news with Bitcoin ?
Buy Signal: 62.88Stop: 50.00 Potential reversal trade looking for 81 first.
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NIO over 48.47The earlier frenzy has worn off a bit and more importantly this has cooled down. Some consolidation and chop which may clear up over 48.47.
JDGROWTH: (info from barchart)
1-Year Return 175.94%
3-Year Return 128.77%
5-Year Return 207.04%
5-Year Revenue Growth 347.07%
5-Year Earnings Growth 143.31%
5-Year Dividend Growth 0.00%
Next Earnings Date 11/16/20
JD.com is an online direct sales company in China. The Companyoffers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China.
92.75 buy stop limit order.
85.33 stop (8%)
CHINA INDEX HLDGS LTD (CIH) - BUYCHI - time to put my toes in the water and buy. will add to my positions if price goes lower than current levels at $1.75
Final Target - (+) $4.50
early stage profit target $2.50
BABA downtrend breakout reversalBABA recovering & multiple lvls to play for from 2 fib retracements, previous demand zone, and gap fill. PT as shown in the chart
Alibaba Shows Oversold ConditionAlibaba is the most prominent of the major Chinese technology stocks that have soared in 2020. It fell sharply after authorities suspended the initial public offering of its Ant finance arm on November 3.
That decline has landed BABA deep in oversold territory, according to stochastics. This is the most oversold since June 2019 when Beijing and Washington were clashing over tariffs and trade.
BABA has also returned to levels from July and August. The current price area around $260 is near the top of a bullish triangle that the shares escaped in late August (and retested on September 25).
Other Chinese tech stocks have kept climbing lately – even as the Nasdaq struggles. At this point there’s a lot of bad news priced into BABA, even though Singles Day set new records. Traders may want to watch for the e-commerce giant to stabilize and start thinking about some kind of bounce.
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HEAD AND SHOULDERS ON $NIO? DOWNSIDE OR UPSIDE TILL ER? LETS SEEA recap of todays bangin trade. What could happen in the future, and more!
Baidu Apollo Undervalued (Significantly)1. Baidu have had low valuation due to its stagnant growth of its core business - search engine in China, however, it enjoys a significant moat in this segment as it is the largest market share holder - therefore has network effect.
2. Baidu had been investing significantly in developing AI and autonomous driving over the past few years. Its Apollo project is as good as (if not better), than Google's Waymo. However, Apollo is valued at $1.3 billion only (3% of Baidu's market cap) due to Baidu's core business growth, and unclear roadmap of monetization of Apollo. But, Google's Waymo is valued at $30 billion. It is worth noting that only Waymo and Apollo achieved the L4 auto driving, where they begin 1000+ testing of full self driving on road. Tesla's autonomous driving had been recording data of man's driving, while Waymo and Apollo records data on full self-driving.
3. Recently, Baidu began its robotaxi test drive in Beijing, which received huge responses, had cause the stock price to break out its few months resistance level. Therefore, I believe that the break out from a technical perspective may signify huge support for Baidu in addition to its near term upward trend (typical higher lows).
4. Despite full self driving is still years before it could be full commercialised, Baidu's Apollo had also been providing smart city solutions to assist with provinces of China to solve the traffic issue. In Guangzhou, Baidu received RMB 450 million project. This may be the key monetisation way for Baidu in the next 2-3 years, which is very likely given the traffic issues have been causing waste of resources for China, thus the government is likely invest in smart transportation through Baidu. Therefore, we can expect more projects given by the government, which would be a catalyst moving forward.
5. In mid September, Baidu's management noted that re-listing in Hong Kong would gives it a higher valuation that it currently has. Therefore, we may expect a catalyst from this part.
Also, the current risk to reward ratio is worth betting on. If it breaks the current support ( breaking the low of the uptrend), then we might have to look for another entry point. However, recent pull back after break out provide a great entry point.
