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Chinese Real Estate -8% TodayJust FYI, an equally price-weighted basket of large Chinese real estate companies is down 8% today. Rumor is going around lots of companies in this sector are not paying interest payments and are on the verge of default. Maybe it could spill over into global markets? Dare I say it could be an outbreak in the market flu? These companies are much larger than Enron. Evergrande (HKEX:3333) by itself has 120,000 employees, about 6 times as many as Enron had. Maybe something to think about. Here is the symbol if you want to view it yourself: '1918'/2.912+'0960'/2.862+'2202'/2.623+'2777'/1.112+'3333'/1.527+'2007' I hope this was somehow useful. Good luck and don't forget to hedge your bets!
HKEX:1918
by fringe_chartist
8
BYD.....Charging the battery!Hello Traders, BYD bounced off the level @ 261 HK$, as I mentioned per my later analysis! In consequence, it ran to 302.-! This could be waves (i) or a wave a of (b) of ((ii))! In the corrective case, at 325.80, waves c=a of (b), and the next move should be down to 245.80 HK$! This would complete waves (c) of ((ii))! If the weakness to 261 HKD was all of the correction, the waves should extend to 333.- HKD from these levels or slightly lower areas! A break of 261.- would negate the bullish view for a moment! Have a great weekend..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
HKEX:1211
by ruebennase
WATCH $819Bullish Fundamental - High inflationary Macro environment / no fear sentiment - Funds Accumulation - Decent PE - Decent PEG - Decent P/FCF - Top Sector / Industry / Leader Technical - Momentum Theory Indicator - Momentum bottomed - Price action formation ( falling wedge ) - Broke Trend line and bottomed - Above 200MA - Above POC - ST ok - Bullish Candlestick pattern / formation Entry idea - For members Stop loss depending on entry and risk appetite. But always set meaningful stops. "Price is what you pay value is what you get" Cheers and happy trading!
HKEX:819Long
by nexxtrade
JD.COM Potential Bullish ContinuationOn the H4, with price moving within the ascending trend channel and MACD showing a bullish momentum. we have a bullish bias that price will rise from the entry at 248.2 to the take profit at 265.8 at the swing high in line with the 78.6% fibonacci retracement. Alternatively, price may drop from the entry to the stop loss at 234.0 at the multiple swing low in line with the 50% fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
HKEX:9618Long
by Rockqet
BYD....Don`t panic! The situation is under control!Hello Traders, yesterday, BYD dropped nearly 10 % at Exchange in Hong Kong. It was a bit misty what was the cause. So, 225 Million stocks of BYD were listed at the clearing book in Hong Kong. This number is exactly the size, of which Buffet bought in 2008! So, the rumors ran around, that he is likely to sell BYD stocks! But, what reason Buffet should have to sell his stocks in BYD? In fact, the reason was, that Hong Kong exchange switched from physical stocks to electronic stocks! That's it! Today, the stock rebound 5%! But what does it suggest for my wave count? One possible idea could be, that waves ((i)) and ((ii)) are done or close to be, and the next move is a rally in waves ((iii))! A break of 333 HKD opens the door to this idea. A decline to 245.8 HKD is possible, would only retrace to the most possible level for a waves ((ii))! So the next day's should be fascinating for BYD. Have a great Friday..... Ruebennase Feel free to ask or comment! Trading this analysis is at your own risk!
HKEX:1211
by ruebennase
Potential Bearish ContinuationOn the h4, with price moving in a descending trendline and below the ichimoku cloud, we have a bearish bias that price will continue to drop from the sell entry at 353.6 in line with the pullback resistance, 100% fibonacci projection and 127.2% fibonacci extension to the take profit at 297.2 at the swing low in line with the 78.6% fibonacci projection. Alternatively, price may revers off the sell entry and rise to the stop loss at the pullback resistance in line with the 100% fibonacci projection. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
HKEX:700Short
by Rockqet