1057.HK Zhejiang Shibao5th wave, Higher-Low support at 2.25 (cutloss)
Dinapoli KD crossing +ve
1D & 1min chart MCDX +ve
Should you put more money with Tencent ?we are now in a catch 22 situation where there lies the possibility of the share price breaking out of the triangle as we witnessed it sitting on the support level at 599.5 level. This resistance turns support level will determine my next entry !
Some news on Tencent
www.channelnewsasia.com
Long Xiaomi - quality, expansion with innovationI've been quite impressed with Xiaomi products, not just their innovation in smartphones, but their appliances which I use at home and see around the office (eg vaccuums, air purifiers). They have impressive growth in markets outside of China (Europe, Asia - SEA, India) and continue to expand their innovation and product offering - news even about them investing in EVs business. US had recently removed them from the list of Chinese companies blacklisted and there could be potential to open their market in US, although they are still expanding without the US. Their new folding phone looks quite solid against Samsungs too and their products while cheaper in price are known for their quality.
I'd look to add to my position with any dips in current price for a long term hold.
Wuxi Apptec with a final TP at 250In the short term, price if dbreak below $160, we will look to buy at 130-140.
As price of Wuxi Apptec with strong support at 130-140.
So long if this level does not fall, we would expect it to regain 200-210 region with a final target at $250
PetroChina is approaching support, potential bouncePrices are approaching our support in line with our graphical swing low support and 78.6% fibonacci retracement where we could see a bounce above this level with our first resistance as our target.
XIAOMI - BullishHi Guys,
It has resently made breakout on rising Triangle Pattern and tends to be be bullish. Wait for Retest for Sure for BUY.
Good LUCK!!!
Meituan (3690 HK) [1-3 weeks view]This is an analysis for a client.
Price is holding below descending trendline resistance.
RSI is also reacting below resistance.
Please do your own due diligence.
Losses can happen so please understand your risks and investment objectives first.
Alibaba 9988HK [1-3 weeks view]This is an analysis for a client.
Technical indicators showing room for further bearish momentum
Bounce before chance of a further drop.
Please do your own due diligence.
Losses can happen so please understand your risks and investment objectives first.
HK: Chinares Pharma- The share continuing to break to the upside of a 14-month base.
- High lows
- Current: HK$5.48
- Stop: HK$5.37
- Target Range: HK$5.88-HK$5.90
(Cont.) Long- 9618 HK/JD USNot sure how exactly it will go going forward in very short term (~2 -3 weeks).
Having said that, I am also more inclined to the movement that it will break through the channel (if I am forced to have a guess on the likelihood, I would put 6.5 on a scale of 0-10.
AIA is approaching support, potential bounce Prices are approaching support in line with our ascending trend line where we could see a bounce here.
Geely auto is facing bullish pressure Prices are approaching support in line with our ascending trend line, 61.8% retracement and 61.8% extension where we could see a bounce here.
Steamboat for dinner, anyone ?With the China economy reporting better trade figures and vaccines being distributed very quickly, I am confident the restaurants businesses will return to its pre-pandemic level soon.
This stock has dropped 40+% from the peak and I am accumulating more of it. The founder is a strategic businessman, leveraging on the property prices falling during the Covid-19 time to bargain for cheaper rent, I believe. Or maybe, bought some under the company name. I would do that if I have the money ,haha.
Please do your own due diligence.
700 (TENCENT) POTENTIAL SELL INCOMING at 588.5 to 419.5TICKER CODE: 700
Company Name: Tencent Holdings Ltd
Industry: Communication Services | Internet Content & Information
Position Proposed: SELL
Technical Analysis
1. Falling Wedge Pattern (Potentially forming)
2. Large Head & Shoulders (Potentially forming)
3. Fibonacci Retracement at 0.786 is at key market structure
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
Analytical Assumption
Monthly chart has not done any proper retracement
to any market structure hence, we are looking for a deep pullback.
This deep pullback will hit previous resistance which is now the new support
Sell Exit: 588.5
Buy Entry: NOT READY (379.5-419.5)
1st Partial Take Profit: 867.0 (July-End 2022)
2nd Partial Take Profit: 1146.0 (2023)
Stop Loss: 355.0
This chart will be monitored and updated on a closer date or when more data is presented.
1810 (Xiaomi) SELL FIRST!! BUY/LONG at 15.00 to rise to 41.20!TICKER CODE: 1810
Company Name: Xiaomi Corp
Industry: Technology | Consumer Electronics| Hong Kong
Position Proposed: SELL
Technical Analysis
1. Rising Wedge / Pennant (Forming)
2. Fibonacci Exhaustion Level at Final Peaked 4.236
3. Potential to reach Fibonacci Retracement to reach 0.786 after Flagpole completes
4. Potential Break and Retest of Area of Confluence with 1 Trendline and Horizontal Resistance
5. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) at the length of Flagpole Price Range
Buy Entry: NOT READY (15.00-16.00)
1st Partial Take Profit: 41.20 (End 2021)
2nd Partial Take Profit: 57.65 (Early-Mid 2022)
Stop Loss: 11.00
2318.HK PingAn (Rebounce Suspecting for short-run)1. Uptrend line (Long-run): Lining up bottoms of 2016 and 2020.
2. Fibonacci retracement: 61.8% of latest uptrend (Mar 2020 - Jan 2021)
3. Former tops: In monthly chart, ~79.50 was the top of consolidation area in 2H2020.
Trades:
A) BUY - hold and wait for actual buy signals (above 9EMA, MACD cross, ROCxSROC)
B) SELL - short it when price touch 9EMA
"BABA" accumilate for value InvestingHKEX:9988 - NYSE:BABA
1. Divergence in the CMF Indicator. - Bullish signal
2. Ice Cream Bullish outside BB - Bullish signal and reversal pattern.
3. Last trading day volume more than the average
4. Intrinsic value using Benjamin Grham formula (EPS*(7+g)*4.4/Y, where EPS, g, Y is 8.5,10%, 2.07%
is $305.
Note: I was very conservative in IV calculation I used a growth rate of 10% while it is expected to be 21 for the next 5Y
Long- 9618 HK/JD USKey reasons:
1. Support (channel)
2. RSI:
a) absolute base: Oversold
b) trailing: the bottom of the channel of RSI
3. Hammer in a downtrend
Buy at ~HK$268
First resistance: from ~HK$390 to HK$422
