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 .
JD is still in correction. Gap filling might occur! JD is still in correction. Price is retesting the key 61.8% fib retracement and graphical pullback support. Gap filling might occur before a potential bounce, so better to put stop loss below that.
STANCHART with the Trade Setup of WT CrossSTANCHART can rally higher to the next TP (Fibo. P. 100%) after it forms as Wavy Tunnel Cross type. It's worth to take this opportunity with limited risk. :o)
Xiaomi still trends below the trendline, more downside ! Xiaomi still trends below the trendline. As long as price stays below the trendline, we remain bearish on it. MACD is also showing extended bearish trend.
Still have momentum, but is it enough? 🆄🅿🅳🅰🆃🅴 🚛🚕
Well I called this to make a 𝙥𝙪𝙡𝙡 𝙗𝙖𝙘𝙠 last week because it needed rest,
but as you see the momentum don't care and it just keep flying and we are on 𝟭𝟬𝟬% 𝙜𝙖𝙞𝙣 since 32 days ago 🚀
Someone asked me last week, should I enter the trade now and I say, if I was you I would wait, now I don't hope you sit and think, what a jerk!
Because my answer would still be the same today 𝘿𝙊𝙉𝙏 𝘽𝙐𝙔 and wait for an 𝙥𝙪𝙡𝙡 𝙗𝙖𝙘𝙠, this really needs a break ⛔
With that being said, it can 𝙎𝙏𝙄𝙇𝙇 go higher as long as there is good momentum.
Trade with care 🙏
HKEX:2196 Fosun pharma ready to reboundHKEX:2196 Fosun Pharma has been in a steady uptrend since last March, it has pulled back in recent weeks in a tight bear channel to sneak below its 50 day EMA. However it has broken through this bearish pattern. Overall it has remained within its longer term uptrend channel.
I am guessing it will bounce up to just above a $40 tp. Patience required though - may take 30 days give or take, given the Chinese New Year period.
HKEX:2331 Li Ning set to bounceLi Ning HKEX:2331 has been dependable in recent months. Sitting within a tight weekly regression trend channel, it has just pulled back and hit 20 EMA which it seems to more or less respect. It is also moving with the industry-wide uptrend.
My guess is that it will bounce 10% within 30 days. Target exit at 55.50.
SMIC buying opportunity From the day chart, we can see that selling pressure has eased and buyers have returned to push the price up higher. You can either enter a small position here and wait for it to break out of the next resistance level at 26.52 convincingly before adding more.
XINYI LONG Xinyi just made an All Time High.
Even on NYE, the stock attracted enough attention to hit a High.
The sky is the limit.
Xiaomi bounce backHello,
I see two coming scenarios. Anyway it will bounce back to 35+ level in some next days.
1475 Nissin food HKSE Elliott wave buy opportunityBuy @ market with stop loss at 6 and TP are the black lines above the top with exiting most @12,4.
2600 Chalco HKSE An Elliott wave and head and shoulder buy Analysis based on Elliott wave, trend analysis, , support & resistance, and head & shoulders.
Buy from 2,15-2,5. TP @5,5-6
JD could make limited pushdown towards our pivot level! JD could make limited pushdown towards our pivot level, where the 61.8% fib retracement is. MACD is also showing that this bullish trend could enter a period of consolidation.
Sunny optical 2382 Correction and go upIt is the Chinese supplier of AAPL and generally follows AAPL. I think that correction will end this week and it will go up
We have second bottom at this price levels!double bottom and the reversal is begining for 161hk again!
today's target 168,1the decline has finished ,it closed too far away for the days lows and price target min for trading daily is 168,1
Awaiting price to soften to 48-50 before buyingRead latest news here , and here .
So, you can see approximately the last 6 years, Kingsoft price was hoovering between 10 -35 dollars range. This is a litmus test for investors on their holding power, risk tolerance, etc. Sometimes, they swapped out due to seeing little to no activity in the share price and do not want to miss "opportunities out there".
I would be awaiting for the price to pull back around 48-50 before nibbling on this company.
