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This time is different?Technical: It has hold the major 200 ma on daily timeframe with ma30, 50 support The $120 resistance (tested for 11 weeks) from ma 100 weekly timeframe will likely to become support since the daily timeframe holds and form a short base throughout Aug. Currently at the low point of trend continuation after weekly timeframe pullback since may 2024. If there is lack of momentum to breakout , it will likely to test back the 100 level, and could even breakthrough it to create a deeper retracement. as 11 weeks of testing $120 could be distribution rather than accumulation . However, I think distribution is less likely given fundamental support of the company and still able accumulate right now at $120 and target >$160. My first call is at $113 and this is my second call.
HKEX:3690
by Heidiii_F
1
HK9926 chance to breakout from its long term range? With its oversea partner (US.SMMT) breakout and achieve 10x in a year, I think HK9926 is likely to breakout and extend its range, to form a leg, from current long term range. HK9926 still have momentum and see if it can breakout through this momentum, I think currently is still a buy. There are still some catalyst coming this september and see if it can hold this current price range above $60. But I won't chace SMMT as it is over-extended in weekly timeframe and could experience a retracement.
HKEX:9926Long
by Heidiii_F
1
Low price is not a MUST to go LONG for stocksYes, there is still an ongoing trend with the bubble trend in many countries and Baichadao is one new entrant. However, the financial figures indicate that it could be losing market shares from competitors like Starbucks China (global brand and also suffering weakening revenues as consumers tend to spend more). This consolidation stage can last from weeks to months or years as we have seen in many stocks so do not fall for the trap that low prices means you are scooping in for a bargain. Do your own due diligence. Is there an economic moat ? In the same mall, if someone is not buying Starbucks but choose to go for Baichadao , then the overall beverage industry is not expanding but merely passing from one brand to another. Is the reveneue steadily increasing for the last 5 years? It is a new company so it has a lot to prove itself.....
HKEX:2555
by dchua1969
Hongkong & China Gas: Do not let up!We stick to our primary assumption that the price should make another attempt to overcome the resistance at HK$6.77 and succeed this time. Finally, as part of the magenta wave (4), we expect the price to rise into our same colored Zone (between HK$8.44 and HK$9.19). Investors could open short positions within this range, with stops placed about 1% above the upper edge. The last leg of the beige wave II should then trigger larger sell-offs. However, we consider it 44% likely that the price is already on the home stretch of this correction. This scenario will be triggered by a fall below our grayed-out Zone. It calls for a fall into the southern Zone between HK$4.73 and HK$3.58 in turquoise.
HKEX:3
by MarketIntel
Ping An Insurance - getting closer to another breakoutThe support at 29.85 was fairly strong and the price point proven itself to a minor rally but ain't strong enough to break out from the bearish trend line. We are at this juncture once more where it could either break out soon and continues rally or revisit the support line at 29.85 , consolidate for a while more before the breakout, hopefully not a breakdown. It pays a good stable dividend of over 7% and is pretty diversified in tech, insurance both online and offline and secure businesses from the government as well. At its peak, it was well over 100 and now at 35, it is almost a 70% fall from its glorious days. Good to accumulate and wait out for the tide to turn around..........
HKEX:2318Long
by dchua1969
Bottom ZoneWe are in a broad bottom zone that has begun to be built in the end of March already There were chances for short term traders espcecially at the end of April to the end of May when Xpeng tried to beak out of the range. Finally the range has been confirmed and may be considered as bottom building . The Bollinger Band is confirming the undecidedness of the market at present. Thus everything is posssible from here. But as I consider Xpeng being a healthy company and the stock had lost about 90 % of its top prices I prefer the upside to be challenged. Mind that the present support is in force since October 2022 already which was the Covid low.
HKEX:9868Long
by motleifaul
TRIP.com / Beginning of Up Trend Stock Beginning of the trend Stock, breaking the Wyckoff accumulation Phase and has Volume Profile Normal Distribution Support The volume from Accumulation Phase has not yet been sold out. It can continue with accumulated volume with first target at 261.8 Fibonacci Retracement and cluster with 161.8 of Fibonacci Extension. Strategy Buy on dip at 368 - 390 for buy set 1 and if the price drops to 368, there is still buy set 2 at prices 330-355 by waiting for Reversal Pattern. Trading in your plan with your faith, C.Goii Super Trader
HKEX:9961Long
by CoachGoii_SuperTrader
Who will be the King of Road in the next 5-10 years ?If you have not had a chance of taking a driverless taxi or robotaxi as it is commonly known, then you may be in for a culture shock when you take one. It's like an invisible driver seating in front of you, keeping his mouth shut and focus exclusively on bringing you from one point to another. Just like Uber, Grab, Lyft initially, they burnt cash to grab market shares. A 45 mins drive in Wuhan, China costs only less than 12 RMB , slashing the prices of the human taxis by a lot. Already, these drivers are protesting for their rice bowl and I believe if this trend continues, more cities will adopt this technology and these drivers will become jobless. I will likely nibble some Baidu shares when it retraces today !
HKEX:9888
by dchua1969
Why I am not buying Baidu ?as you can see , it is still within the bearish channel, no indication of trend reversal pattern. So what's the hurry? It might goes lower. To me, TA is reactive, our roles should be when this pattern emerges, what am I going to do? Let your research work - fundamentals secure you on the selection process. Everyone uses different metrics..... Could it revisits its Oct 22 low of 73 price level ? I doubt so but it is possible so let the chart plays out and then decide the next course of action. Our role is not to predict how the patterns will play out using our preferred imagination , confirmation biases , etc and disillusioned our mind. Like I said, buying the stock takes less than 30 seconds but once it is purchased, you have to watch it grow either upwards, sideway or downwards. Over time, this will affect your mood as you either see profits, stagnant or losses. The blame game starts why didn't I ? So rather than regrets , it is wiser to be discipline to do all the preparation work. And no need to worry too much about missing the boat, the market always offer opportunities for you to get in, maybe not at rock bottom but is better to ride the right trend than to buy at cheapest and hold on for months/years before it rallys. Opportunity costs !
HKEX:9888
by dchua1969
2
763 - 5 months ASCENDING TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting's personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules. Any action taken upon these information is at your own risk.
HKEX:763Long
by TheArtOfCharting
2638 - 6 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
HKEX:2638Long
by TheArtOfCharting
Alibaba Holdings UpdateA few positive things did happen for Alibaba. The removal of Daniel Zhang and being replaced by Joseph Tsai. So far, I like what Jospeh has done for the company, making it leaner and removing excess fats that are stalling its growth. They have also started to declare dividends and shares purchase buyback, boosting investors confidence. We have seen the share price pretty stable at 70 price mark although the recent days has seen it gone to a low of 67.30. Like Tencent, I am in no hurry to accumulate and keep myself updated with the news happening in the industry and the regulatory moves in China.
HKEX:9988
by dchua1969
Your window of opportunity to get Alibaba is here!Alibaba, once the talk of the town some years back had suffered a lot of backlash with news saying the disappearance of Jack Ma, how he offended the government, rumours he retired in Thailand, etc. From the day chart, we can see a nice trend reversal pattern that is being played out with HL and HH patterns. This signify a trend reversal and it is breaking out from the bearish trend line, another strong indicator. I like how the management is centering its focus on its core business - Ecommerce and Cloud and investing on AI which is the next pillar of growth , both for China and globally. It is doing the right things - doing shares buybacks , offering dividends to shareholders, divesting non-core businesses, letting the younger ones to run the business and retires the old guards, etc. I am vested so please DYODD
HKEX:9988Long
by dchua1969
Xiaomi updateA whopping 77% drop from the peak of 35.85 to a low of 8.50 in Oct 2022. It broke the first resistance at 14.26 and is now approaching the 2nd one at 16.88. If it breaks above with a bullish signal, I will add more slowly. It's launch of the Electric vehicle will give the likes of Tesla, BYD, Xpeng, NIO, etc a good run of their money. While the others are automotive business, Xiaomi has other revenue generating models to depend on - consumer electronics. Hopefully ,the EV segments will give it a much needed boost in the local market.
HKEX:1810
by dchua1969
1