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SEHK 1772 - Ganfeng Lithium Double Bottom BreakoutOne of five priorities in China's 14th 5 year plan include pledges to peak carbon dioxide emissions by the year 2030 and at the same time, venture into green energy as an alternative energy source. Ganfeng Lithium - One of Tesla's lithium battery supplier - has been benefiting from this trend. On the daily, we can see that Ganfeng has formed and broke out of the Adam & Adam double bottom; a bullish pattern. This is in confluence with two bullish pin bars the prior two trading sessions and a decrease in volume before a huge volume breakout today. Have gotten myself a position at one of the Adams and will plan to swing it till the up-trend breaks. Links: China's 14th 5-year plan - crsreports.congress.gov
HKEX:1772Long
by cletibals
1
PA Good Doctor - ARK Invest snaps up over 2 mil SharesNoticed a social arbitrage opportunity where no one knew that Ark Invest bought enormous amounts of PA Good Doctor (SEHK 1833). Hence, I got myself a full position at $109.3. I believe when North & Southbound trading opens up this coming Monday, SEHK 1833 will have more room to run. Look out for a breakout of all time high at $135 supported by large volume to take a position/add to your position. Similar stocks like Yeahka (SEHK 9923) and ZA Online (SEHK 6060) have experienced multi-day runs to the upside when Ark Invest disclosed their buying positions in those companies. The HSI Indexes (HSI, HSCEI, HSTech) have also completed its recent pullbacks and is looking to continue running to the upside as well. While I personally believe SEHK 241 (Ali Health) to be a better long-term pick than PA Good Doctor, there's no way I'm missing out on this trade! Happy Chinese New Year and stay green in 2021!
HKEX:1833Long
by cletibals
2
Kuaishou marching higher The stock market is a game of demand and supply, buyers and sellers. When one side weighs heavier than the other, they win and vice versa. In the case of this IPO, Kuaishou (read here , here and here ) For a moment, suspense your role as a trader or investor and put yourself living in a rural village and the chance to get out of poverty , fame, money ,etc is all in a mobile app. And the best part, you need not have a degree, travel to cities like Shanghai or Beijing to find a job. You could do it in the comfort of your hometown. Who wouldn't dream of getting out of poverty in this situation ? And that millions of people in the many rural villages of China using this app drives the demand and there is where the money starts to pour in. Better still, you need not have a pretty face to go livestreaming or able to dance those sleek moves to showcase to your fans. Enough of that already. You can afford to be different , be who you really are. A farmer can show his homegrown oranges or grapes in the vineyard, how it is grown and how to harvest it. Or another livestreamer could take a bicycle and introduce his hometown, a part less travelled by many. Risks wise, one need to be careful as China is clamping down on its regulations lately on this area - E-commerce, Livestreaming, Technology,etc. All these aside, the main driver of these hot Hong Kong IPOs are driven by the million of China investors. Their massive flood of money keep pouring in, driving these companies to sky high valuations and the stock price. Again, IPOs trading is a fast game and some stroke of luck is required. Use only a tiny fraction of your capital to speculate in it and do not increase the position size unncessarily UNLESS you are prepared for the consequences. Weigh the risks not just the triple digit rewards that are often shown in the media ! Behind the story of the fallen angel, only those who bled their account will sob in pain and not tell the whole world about it........
HKEX:1024Long
by dchua1969
2
Sunny Optical 2382:HK hits 10 MA. Bounce time!Sunny Optical 2382:HK has pulled back to hit its 10 day MA which it has historically respected. It also happens to converge on the bottom of its regression trend channel at $210. There is currently some indecision in the market, but if it trades up tomorrow, it would be a good time to get in, with an initial TP of $223.40 where you might release half. I expect it to hit north of $250 before retracing - though that may take some time. If I was a punter, I'd be looking out for a bullish harami in the coming days.
HKEX:2382Long
by Callyflakes
Greatwall Motors 2333:HK bouncing off support - quick 10% Greatwall Motors 2333:HK has been unstoppable since as early as last July. It's made a pullback over the past month. It has bounced off support of 23.15, and has just broken through resistance of 25.50. If it is to follow the current trajectory, there should be a quick 10% rebound in the coming days to next resistance at 28.30, with a medium-term TP of 33.00. If that's not enough, a couple of investment banks have set their TP at a range of $35-$40. Plus, 2333.HK are buying into the chip market. The latter point is significant because it panders to central government policy. Only caveats here: Most of China is on holidays for the next 10 days, so things might slow down a bit - but that might also suggest less competition to get in, if you were so inclined, and... DYOR always.
HKEX:2333Long
by Callyflakes
Nice setup with AIA (HKSE :1299)I seldom made any recommendation about companies in Hong Kong, but I just accidentally observe a great setup with HKEX:1299 which I think could be a great long target in short term. I dont think we need any introduction of AIA, one of the largestest insurnace giant in the world. Its stock price has trading within the same 20% range for almost a year. Since late 2020, its has formed some uptrend price action and been gradually getting strong support inside an upward tunnel. I like that it has formal a strong double base at around $93 and is now breakthru 100 within 10 trading days. Its earning release is coming, with the current price action and 2:1 risk reward ratio (cut lost @ 93 / take profit at 115), it appears to be a great target to add into my position.
HKEX:1299Long
by Squishybrain
Will the Xiaomi share go up again?The Xiaomi shares lost close to 23% of its value since 5th January 2021. Investors are a bit insecure because of some bad news during the past weeks. The USA put Xiaomi on a blacklist, which means that Americans will be banned from buying the shares. Furthermore, there is is a problem with the latest mobile, launched on 8th February 2021. Apparently, the problem has something to do with the battery. Those news are the reason for the dip. In a long-term scenario, the stock will most likely go up again, as the sales figures are rising. Xiaomi will resolve the problem with the phone and as Americans don't hold a lot of shares from Xiaomi, the development will not have a great impact on the long-term trend of the share price. Additionally, the company reached some solidly financial results and has a great philosophy. Long-term investors who are holding Xiaomi shares shouldn't be concerned with the latest development, even though the share price will very likely fall somewhat initially. Also, the next days or weeks might be a good chance to get in and buy some Xiaomi shares.
HKEX:1810
by trading-champ