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Baic Motor is completely undervalued It reached what appears to be a bottom on March 15. It is almost 80% below its all-time high of January 2018. The awesome oscillator is on the downside, heralding a possible reversal. Although last year its profits fell compared to 2019, the trend is still upward, that is, it is becoming more profitable, with 2020 being an exception. It is one of the largest car manufacturers in China, also having a presence in various parts of South America and Asia, whose models sell quite well. It is working to develop new technology and introduce more electric vehicles to its fleet. In general it has good fundamental and future potential, I still think that its price is unjustified. If you want to have more details about the company, I recommend reading its 2020 annual report. HKEX:1958 OTC:BMCLF OTC:BCCMY
HKEX:1958Long
by amateur_trad3r
2
Stormy weather for Tencent Read latest article here From Alibaba hefty penalty, we are now seeing the Chinese government going after Tencent. We could possibly see the 600 support for Tencent to breakdown and if it does, then we expect the next level of support to be the 500 level. That would really be an attractive offer to accumulate more of this shares. It's subsidiary, Tencent Music Entertainment has not been spared as well........plunging from a peak of 30 to current 17.80, almost 50% fall and the selling looks not quite done. I believe this is a short term correction and we will soon this company recover soon. Be patient for now as it roughs it through the dark valley....
HKEX:700
by dchua1969
Tencent continues consolidation before rallying to the upside! Hello everyone. Recently, I just visited the HQ of Tencent in Shenzhen. The business trip was fantastic! I never thought Tencent got so many powerful apps pending on the pipeline. The visual tour, AR as well as so many others really got my attention. I'm confident that those products will become the pillar of its revenue in the future. Now, let's go to the technical side. Obviously, the price is consolidating around the narrow range. In my opinion, the confluence zone is just below so this isn't much room to the downside. In addition, I got identified a firm uptrend line which should serve as a support line with zone. So, buy low and hold strategy should be paid off in the coming months. Buy zone: 606-587 Trading target: 650, 693 Invest target: around previous high 750.
HKEX:700Long
by JICPT