BYD's Biggest Dealer In China Signs Deal For 6,000 AutomobilesBYD is probably my favourite stock at the moment mainly because of its electric vehicles and the good news seems to keep on coming.
Article: finance.yahoo.com
Baba failed to close below the support levelIt appears that we are going to retest strong resistance.
It seems that the pullback is overPullback is over it seems, the long shadow candle suggests that there is buying pressure at the support. Lets see how this turns out
Hong Kong Tech Giant Tencent, is it time to buy? After a crash of 40%+ from the recent high in Feb, is it time to buy Tencent again?
Tencent has not closed below the 40 MA on the monthly chart yet.
The last few times it has fallen close to this moving average, it has provided a great buy opportunity for the short, mid, and long term.
Currently, the MA level to watch is 431.
If we close below this moving average, it could be a strong sign that downside risk has increased again...
TENCENT - Area of interest and possible relief- Tencent has been smashed by the recent developments in the Chinese markets.
- There is no clarity as to how this will play out going forward but looking at the chart we have approached strong support
- The loss of this level could lead to a further decline 360 / 262
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Tencent SelloffGovernment crackdown on China tech has really set in. Now tencent is currently has had a similar low point to 2018 approximately 40%. Investors are stuck at a junction to decide whether the price goes up from here or down. If we take similar sell offs based off previous we see tencent at about 170, a further 60% from here. If we take the fundamental approach we see tencent bounce very soon.
So my game plan, Sold put strike @440 for 30c. If the share price stays below 440 on 30 Aug i am obliged to own at 440. If the stock stays above 440 I am collecting 30 c effectively having my entry lowered to 410 to sell another put
Tencent sell-off a little overdone?With the Chinese crackdown on tech stocks and the latest announcement banning for-profit education, Tencent has seen a significant impact on its latest share price. The latest move has seen price rejected all the way to the Monthly/Weekly S3 @ 490 which is considered very extreme from a technical standpoint and ignoring fundamental factors for a moment will provide an excellent risk to reward opportunity for a pullback to the yearly pivot @ 507 followed bt a gap close at the Monthly S2 @ 530. Should we see more downside the only other obvious major level of support is near 475
monitor and enter longmonitor and enter long...nothing much to lose as long as China still has an ageing population which requires asset management and insurance services.
2801 PINGAN > TRADE RANGE > LONG1) Multiple Support
2) Bullish pinbar
3) Stoch Oversold
4)Swing & trade range
Entry: 68.95
TP: 99.7
SL : 66
<TradeVSA> Pullback Completed with NS. LK Tech & ProsperousSign of Strength in the chart:
1. Reaccumulation
2. Strong uptrend
3. No major weakness at resistance
4. VCP
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Hong Kong Listed Vobile Back at the BottomVobile is at an interesting strong support area where previously it has fairly consistently bounced back off the bottom for a reasonable 30-40% type swing trade.
Worth a look if you think it will happen again :)
Yeebo's finally had a pullback so looking interesting.Yeebo is in the business of developing, manufacturing, and marketing display products including monochrome LCD,LCD Module, TFT module, Capacitive Touch Panel, Touch Display, etc. Yeebo's products have a strong global presence in key electronic market sectors including Industrial applications, Telecommunications, Medical equipment, and Electronic consumable products.
I see these LCD panels everywhere these days and I've been watching the momentum in their chart for a few days and have been waiting for a pullback into a value area to start to look for an entry. With todays drop of around 6% I'm keeping a closer eye on it now for an entry.
ZA Online (HK 6060)A double bottom breakout formed, any retracement from this point can be considered an entry.
JICPT| Tencent approaching key bullish structure, buy the dip!Tencent has dropped from its peak level in Feb. by more than 30% till today. The demand zone of 555-579 failed to hold after the second revisit.
The market cap is still over $700B after the drastic fell due to investor's concerns of regulation squeeze. It all went back to Jack Ma's speech at the Bund Summit in Shanghai in Oct. 2020. We all know what happened after that. The sudden suspension of Ant group IPO was just the start...Then came with the fine and tightened regulation on personal data usage and protection. That affected all Chinese tech companies who have minimum regulation in the past. The crackdown on the tech companies impact its valuations and triggered sell-off from investor due to the uncertainty.
So, that's a brief explanation of why Chinese tech stocks suffered a great loss this year. what's next?
First of all, what's the motivation behind the regulator? Does it want to shut down those super-star companies who were regarded as the proud of the nation in the past? Definitely no!
I know the recent 22 investigation on those tech companies, but the fine is capped at RMB 500K, less than $100K. That's nothing. Maybe, investors are sort of overreacted.
So, let's get back to the technical side. On the chart, I note the price is approaching my long-term MA in red color around 477. Beside, the level is also a flip level. That's an odds-enhancer.
Personally, my investment portfolio has exposure to Tencent. The recent drop did not make me scared, instead, I'm ready to buy for my long-term return!
So, this is not a trading idea. Sometime, we need to be patient.
Give me a like if you're with my idea. It's Friday night here in China. Take care and enjoy your weekend.
Has it bottomed?Alibaba Group (9988) and Tencent Holdings (HKG:0700) are considering opening up their services to each other as Beijing clamps down on anti-competitive practices in the tech sector, The Wall Street Journal reported Wednesday, citing people familiar with the matter.
The potential move will likely break the virtual wall that the two tech giants have built, preventing users from accessing one company's tech platform using the other's services, the report said.
Alibaba may allow users of Tencent’s WeChat Pay to make payments on Alibaba’s e-commerce marketplaces Taobao and Tmall, a move that could be announced in the coming months, according to the report.
Tencent will also likely allow selected Alibaba services to access WeChat users through mini-programs or light apps that are embedded in the main WeChat platform, the WSJ said.
The report comes as China tightens its crackdown on monopolies, particularly in the tech industry dominated by Alibaba and Tencent.
In April, China's antitrust regulator slapped a record fine of 18.23 billion yuan ($2.82 billion) on Alibaba over what it described as the company's abuse of market dominance for years.
Pacific Basin 2343:HK Possible entry opportunityUptrending since January with strong support at the 20 EMA.
The most recent dip is collateral damage arising from the China tech crackdown, which has seen the tide lower across the HSI. This represents an opportunity.
Additionally, huge supply and demand factors in the global shipping industry at play right now.
I expect a bounce off 2.82 if not before that. Speculative target 50% exit at 3.35 (~7 days). Laughing all the way to 3.50 (~15 days).
Do your own research.
JICPT| Kuaishou rebounded with downtrend continuesI'm actually writing for the request of a friend in the Tradingview community.
It's a quick analysis as I will mainly focus on the chart, not the fundamental part.
From the daily chart, I measured how much price has been down from the historic level of 418 to less than 150. The price has fallen by 65% within approximately 5 months. so what is what's next?
It's a quite new stock that just went public on Feb. 5th this year. We can see price just rebounded from its fresh record low today, so there is no structure for reference from our left side. We have to use trend analysis to guess its move.
I drew three horizontal lines which market the key structure on the daily. The continuation of breakout means the downtrend continues. On top of that, I also noted the red downtrend line was respected several times. In order to terminated the downtrend and establish the uptrend, I need two things happen at least:
1. Red Downtrend line to be violated by price move.
2.Higher high created with higher low formation
So, buyers need to be patient at the current moment.
Volatility - Do Not Resuscitate - Evergrande (VIXplosion)Idea for Macro:
- Free money is cut off at the source. China Credit Impulse turned negative > Evergrande is first to fall > Overseas investments downsized > widespread effects.
- China was the only productive economy in 2020 > driver of global economy (60% importer of oil).
- CN30Y is closely correlated to CCI > leads US30Y > leads US risk assets.
- Chinese Central Bank POC draining liquidity from the system (Injects 10 bn yuan via RRP while 30 bn yuan expires).
- China HY leads down > US HY/Junk goes down > NDX goes down:
- Currency showing strength:
When you see currencies, bonds, and equities rising together, it means normal correlations have fallen apart. Typical before a crash/crisis type event.
CCI is the leading indicator.
Will see a VIXplosion.
GLHF
- DPT
