This consumer stock will explore (Xiabuxiabu)For those who do not live in China or have never been to China, you probably dont know about this company.
HKEX:520 is actually the largest chain of hotpot restaurant in China.
In their recent pre-release of annual result, they have declared the earnings has decliend by 90%...but yet their stock price didn't fall on that day...on the contrary it was a green day for them because the downfall in profitability was due to Covid..meaning the current price is actually a bottom line for their stock.
If you look at their price action, apparently it has consolidated at around 17.5 a share and its gradually gaining momentum to break-up the downward trend line and once it does, i m sure it would spike towards the 20 dollar mark.
With the cut loss price set at the recent low at 15-ish, there is a great 2:1 risk reward ratio for an entry to this stock.
Remember that China is almost totally recovered from the pandemic and its expecting to achieve 6% GDP growth this year. The next annual report of Xiabuxiabu could only be better so as its share price
Tencent fell from flip level seeking support at 570-550weekly: bullish with no doubt.
Daily: price retreated from 690 which happens to be flip level. The below 570-550 is a solid zone with flip & uptrend line & demand zone. Price is likely to rebound from here.
The descending channel is an issue, though not a big one.
<TradeVSA> China Lesso breakout from PullbackSign of Strength in the chart
1. Strong uptrend
2. Shakeout
3. Pullback with 20/40MA
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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
[Analysis] Xiaomi (1810)(HK)This is not a trade setup
21.500-20.000 is a crucial and tested support. It is highly likely that price will rest and consolidate for a while before the recovery wave. Do note that the current down move still have some momentum behind it, hence price is still likely to fall further. If you are planning for a long position, go by batches. Do not hold below 18.00 as it is bear territory.
1299 (HKEX) - BullishGreetings
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Analysis
1299 (HKEX) - Bullish
941 (HKEX) - Prepare for Changing in trendGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc. If u are newbie on the stock market, do not be hesitant to contact me at Private Message. Our Job is to make u Prof trader and proftable trader.
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
941 (HKEX) - Prepare for Changing in trend
1288 (HKEX) - Continue BullishGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc. If u are newbie on the stock market, do not be hesitant to contact me at Private Message. Our Job is to make u Prof trader and proftable trader.
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
1288 (HKEX) - Continue Bullish