3988 (HKEX) - Continue BullishGreetings
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Strategy
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3988 (HKEX) - Continue Bullish
PetroChina is approaching support, potential bouncePrice is approaching our support where we could see a bounce above this level. Our first support is in line with our 100% and 78.6% fibonacci extension as well as the 61.8% fibonacci retracement. Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias.
Still can buy Sunny Optical ?A follower pm me and asked about my opinion on this stock.
My last post was here
Currently, there is much selling on this stock as you can see from the past 4 days of red candles , ie selling.
My conjecture is it should find some support at the 200 price level for a while before it decides to continue the bullish trend or falls some more ,likely to 188.20. I would be keen to accumulate on this price if it does fall to that level.
So, yes, I would not be buying more at this juncture but awaits for it to drop to a more attractive pricing before going in again.
And you are right, wait and wait some more......
Chiho Enviromental 976 HKChiho is a HK listed company that focuses on metal recycing such as copper, steel, and other metals. It has businesses in mainland China, Hong Kong, US (Liberty Metal), and Europe (Stolz). Prior to the US-China trade war and Covid, the company market cap was approx USD$800-900m and its EBITDA in 2018 of approx USD$100M. Revenue from 2019-first half of 2020 took a major hit from Covid 19. The stock went from approx HKD4-5.00 in 2018 to around HKD0.40 today. It seems the HK market has forgotten about this stock in the tech wave.
However, the turnaround in the metal market has already occured. Comparable metal recycling companies such as Steel Dynamics has risen nearly 50% in the last 4-6 months on the back of booming metal prices for copper and economies re-opening again from stimulus.
This metals boom has been shown in Chiho's financials. In the first half of 2020, it recorded gross profit of HK314m. It has recently released unaudited financials for 2020, and gross profit came in at approx of HK910M. This would imply thast the second half of 2020 gross profit doubled in growth. EBITDA came in at HK360m or US$D46m. Based on 10x EBITDA trading multiple, that would imply a market cap of approx $460M with allot of upside. It's current market is approx USD$80-90m.
As a company that is well positioned to taker advantage for the end of life for cars boom that needs to be recycled and the need for metal demad for infrastructure projects around the world, Chiho on the HK market offers a rare opportunity to invest in a company that has market share in Europe, US, South East Asia and in China.
2318 (HKX) - Still 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
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
2318 (HKX) - Still Bullish
1398 (HKX) - Still 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
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
1398 (HKX) - Still Continue Bullish
3690 (HKX) - Be carefull for HnSGreetings
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
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
3690 (HKX) - Be carefull for HnS
9988 (HKX) (BABA-SW) - Be CarefullGreetings
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
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
9988 (HKX) (BABA-SW) - Be Carefull
700 (HKX) - TENCENT Go 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
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
700 (HKX) - TENCENT Go Bullish
Asian market is awake🔥Do you like stocks, wolves?🔥
There is one new formation on Zhongsheng HLDG with ticker 881.
Head and shoulders pattern with possible breakout.
After this two scenarios are expected.
First, the price may enter into the correction and retest new resistance level.
Second, the price may fall till the price target with no correction.
So follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".
When in doubt, stay away !Read this article here
I have spoken about trading and investing with financial products that you are familiar about. Options trading touted by many "gurus" online that it is an easy way to make money, spending just 30 minutes a day and winning 90% of the time.
I have my fair share of doubts on it and have stayed away thus far. To be fair, I ain't got the time to dive deep as my plate is already full with currencies, commodities, index , ETFs and stocks. I believe a diversified portfolio on this products is more than enough (for me).
I have also shared that it is better to stick with international brokers that charge a bit higher commission but with stable platform and they are credible. I know there are rising number of brokers that charge zero % commission but again, I will put them aside for now. If you have a good strategy, watch your stop loss , manage your capital and risks well, then paying that small % out of your profits as commission is OK, imo.
Here's another article for you to read and reflect ...
Put yourself in their shoes, if you are operating a business, you need profits. So, if they are offering you such a good deal , then how are they making money ? That itself is a red flag and would serve as lesson for you stay away (at least for the time being).
Do not spend countless hours chasing the lowest brokerage , comparing them , etc when you should invest your precious hours honing on your charting skills, evaluating good companies to invest in.
I hope this serves as a good reminder to all, especially those new to trading and investment.
I like this company for a simple reason. Charging cars that passes the toll highway is a cash cow business. Once the government agrees on the contract (read here ), the company has no competitors fighting for this share of the business. Of course, investment is required to set up and all but this can be recovered over the years. A relatively simple business model that is not complicated , needed by many.