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The Billion dollars sales ever raked in one day !US$38 billion was recorded in 2019 for Singles Day which falls on 11th November every year in China. This year, I expect this record to be broken and hit a much higher figure. Would the much anticipated Ant Financial IPOs be launched before the Singles Day or after ? I don't know but the amount of media attention and how crazy it is over subscribed . This momentum if continues plus the pent up demand from the Covid -19 may drive lots of consumers in China to go on a revenge shopping trip and buy more than usual. Plus, the vendors will be dangling perhaps more carrots this year than last year and new , traditional players that see a big fall in revenues from their retail shops may jump on the bandwagon and take advantage of this special day. It is a win win win for all - vendors , customers and of course Alibaba!!!
HKEX:9988Long
by dchua1969
1833 TARGETS 57.40An interesting example from the Hong Kong Stock Exchange that exemplifies a long term uptrending stock under going a correction in the short and medium term. Long term trend is still up as long as the supertrend line at 57.40 holds during pullback. Wait for the test and rebound of 57.40 before considering entry. Medium trend start 190818 and ended on 071220 for a total of 16 months. Short Entries now at 89.40 targeting 57.40. Only a break above the pivot of 109.9 will trigger a new uptrend for now. Short term downtrend started at 113.30 on 210820. Target was 90.05. New target is 57.40. Only a break above the pivot of 98.35 will trigger a new uptrend for now. Bottom line. 1833 is in a short/medium term downtrend within a long term uptrend targeting 57.40. Buy only at the break above 98.35 on the daily charts. You will start see see the 4hr price action turn above the SSSA line on the cloud when this happens. A confirmation in the medium term will be obtained when the position breaks above 109.45. Use this example to look for similar setups where you learn how to buy on weakness in uptrending long term stocks.
HKEX:1833Short
by gekkohot
Xiaomi shares fall 10% as U.S. adds to ‘blacklist’The Trump administration has added smartphone giant Xiaomi to a blacklist of alleged Chinese military companies. The move means that Xiaomi is now subject to a November executive order forcing U.S. investors to to divest, or sell out, of affected holdings of any companies on the blacklist, by Nov. 11 this year. Beijing-based Xiaomi was the world’s third-largest smartphone maker in the third quarter of 2020, according to Counterpoint Research.
HKEX:1810Short
by Shewutrade_Insights
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