Chinastocks
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 $BRQS is the surging price of bitcoin-blockchain technology.
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NIO MAY BE BREAKING OUT OF FLAG PATTERNKeeping an eye on NIO today. I have a position but if it breaks out of this Symmetrical Triangle to the upside with confirmed volume, I will be adding to my position.
Reasons:
1. Volume contracted on consolidation
2. Earnings beat last 3 quarters
3. EV sector.. and China stocks may outperform US in near term due to frothy US market in my opinion.
(other reasons I will not publish)
Please do not take this as investment advice. Make your own decisions.
Alibaba appears to be recovering and I think it will continueAfter the Ant Group IPO cancellation caused Alibaba ( BABA ) price to drop for the last two months of last year, the price is apparently recovering this month to the levels where it was before Ant Group announced its plans to float on Shanghai and Hong Kong stock exchanges.
Price is recovering despite the Chinese government probe into Alibaba over alleged anti-competition practices.
Personally I don't think is in China's best interest to kill the goose that lays the golden eggs, so probably this year we'll see some regulation without major impact on Alibaba's business model.
This is all speculation based on news and reports I've been reading for the past month.
So perfect Fib Spiral top reversal pattern. BILI is not worth thI won't short BILI, I'm not sure where the top is, maybe 200$ / 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.