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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
1
Invest with China's richest manWe previously covered this stock here Read more about this great CEO, Mr Zhong Shanshan, a school dropout and how he went on to build 2 companies worth 10billion each. His other listed companies include Beijing Wantai Pharma which has also recently shot up the roof by 400 over %. More news here With the recent shares fall in Alibaba and Tencent,Mr Zhong Shanshan has climbed his position from 3rd richest to being the RICHEST man in Chin a. And he is also richer than the legendary investor, Warren Buffett by 5 over billion dollars. Read article here I would be keen to take a nibble when the shares pull back to 60 .
HKEX:9633Long
by dchua1969
1