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Transportation - Marine Shipping; Strong Sector, Stronger 38771) Noticed that many stocks in this particular sector have been setting up quite nicely in both the HK and US equity markets. 2) In particular to the HK Market, things are starting to look better with some equities entering accumulation phases. The HSI also looks to finally start a new uptrend with higher lows formed. 3) SEHK: 3877 is setting up quite nicely with the initial shakeout mid march of 2022. Volume is starting to increase - clear signs of accumulation. 4) Price has now traded in a tight range between ($1.29, $1.34) - a Darvas box! Although overhead supply is right at $1.37, I do believe we might have enough fuel to punch through. 5) Call me ambitious but TP is at previous ATH of $1.76 - making this a risk to reward of about 1:4.
HKEX:3877Long
by cletibals
BABA should hold 83 then BO Channel or 70 will be double bottomBABA has been making a long downchannel which has to be broken to be really bullish. First it must hold the current 83 FIB level, then BO the downchannel at around 95. After that BABA will still face a big resistance zone at the 110 to 130 range. There will be a lot of sellers here which the new buyers must be willing to absorb in order for the price to go above this critical zone. Failure to hold the current 83 Fib level to see a double bottom for BABA at 70. This will be very very near the end of that big ABC correction. BABA is the top e-commerce company in China (Amazon of China but with a very low PE ratio after this crash). Not trading advice
HKEX:9988Long
by xtremerider8
2269.HK is going to fly ~ (1st target: 77.8, 2nd target: 90.05)2269.HK has experienced a long decline for more than 1 year due to local and oversea government policies, although its P&L has growth a lot. 2269.HK is going to complete a head and shoulder pattern within the last 70 days, and highly likely to fly in the near term. The first target will be 77.8 and second target will be 90.05. On the other hand, China government is likely to support health and medical industry just to ensure the GDP growth can be met ( 5-6% target this year).
HKEX:2269Long
by kcwilsonchu
1
Buy Modern Dental HK$3.4 Target Over HK$ 7.5Good Day Fellow investors! When looking for a company that is 1. Globally Diversified 2. Highly undervalued from a free cash flow perspective 3. Has decent growth potential (Over 10%) choices are limited! However Modern Dental does meet all of these criteria.. 1. Revenues are globally diversified with about 35% coming from Europe 25% USA and 40% Remainder of the world including a larger and larger share coming from mainland china. 2. Trading at about a P/E Ratio of 9. EV/EBITDA about 6. Free Cash Flow yield of about 15%. 3. Growth outlook is great. Chinese revenue grew at a rapid pace over the past couple of years but the outlook is even better. I am loking at this from a long term perspective and believe we can easily trade at HK$ 7.5 over the next coouple of years (And likely even sooner)
HKEX:3600Long
by kavijh
Alibaba Group Holdings (9988. HK)Alibaba had a V-shaped rebound on 15th March 2022 and has pushed Alibaba back into the HK$100.00 psychological level. Despite a consolidation from 23rd March - 1st April, the stock forms a bullish pattern with a bullish morning star pattern, indicating further bullish upside. Combining the v-shaped bottom and the pennant, it can be interpreted as a bullish cup and handle formation. Key resistance at HK$124.20-HK$126.90 is the crucial resistance zone. Breaking it will see prices rallying towards resistance zone 2 at HK$132.50-HK$135.10. Key support zone at HK$99.40-HK$102.00 can be seen as a buying zone as well.
HKEX:9988Long
by William-trading