853 - Signal to "TAPAK JERUNG"30th Oct 2023, the stock has made an increase and then the price sideways for a few days. On Nov 2 and 3, 2023 appear Sharks (yellow bars). The appearance of Sharks during the sideways price is a signal to the door "TAPAK JERUNG" in the EPRAF indicator. Let's watch the action of 853 next week.
Geely: Bears are back 🍯🐻The bears have now pushed Geely stock back below its March low. This confirms our primary scenario that the stock is in the final phase of the overarching gray wave II from the high of the magenta wave (B). This move should now be advanced to the green target zone between HK$7.80 and HK$4.12. With the low placed, the price should then move significantly higher.
Elevate Your Portfolio with Xinyi Solar: A Comprehensive TradingIn this exciting video, we're delving into a powerful trading idea centered around Xinyi Solar Holdings (XYSF). Xinyi Solar, a leading solar energy solution provider, presents a promising opportunity for traders seeking to maximize profits in the renewable energy sector.
Join us as we dissect:
📈 A detailed breakdown of our innovative Xinyi Solar trading strategy.
📊 Crucial market indicators and signals to help pinpoint optimal entry and exit points
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct your own due diligence and consult with a financial advisor before making any investment decisions.
TENCENT(HK) : Midas Signal Appears with Big Green Bar1. Clear all drawings and indicators.
2. A horizontal resistance level, price reversed at here to form a false break (React Don't Predict).
3. Add BandofMidas from indicators. Use Midas factor of 9. (suitable for this chart)
4. Price fall into Midas zone and reversed. Midas signal came out today morning on 22Sep2023.
5. Midas trend line still in white. Hold position until pink trendline.
6. Plan your trade, risk reward ratio and position size. Cut loss is simply at today candlestick low.
HKEX-2382 - a good time to buy! (indicator Thewaved)The last signal to buy on this strategy was given September 15.
The price of the asset at the time of entry into the trade was 61.4.
Our goals for this trade are as follows.
Take-Profit is set at 122.8.
and Stop-Loss Order at 52.2 At the moment, the price is moving well in the signal direction, and we we have already had a profit of 2.61%. By the way, this happens quite often after the previous trade is closed by stop, so we opened the position with a good discount. And if we look back, what are we observing then several Long signals in a row - closed by stop-loss order and this gives a great probability of the descending trend reversal. In addition, at the entrance to the purchase, we have already had a great advantage over a huge number of investors. And the most important thing that I want to mention is that the price of the last entrance to the position is higher than the previous exit, and this almost always suggests that there will be a slight price reduction to remove the stop loss orders of other players who has a position at the moment. And such an action can take place several times. And now let's move on to the most important part, statistics.
What do we see from the results The total income on strategy we have 437.28%. The percentage of profitable trades is not so important to us, since the general profit is satisfactory. The profit factor equals 1.979
and this is an excellent result.
And all the closed trades in our strategy are 37.
EVERGRANE: $2.20 <-- $28 | Property Bubble Capitulation we've seen this before from LEHMAN to thw GOLD market and recent covid market crash
we await government intervention
or a white knight to take over and flip this back to normal
Primary objective is to stop the bleeding
should be a good speculation stock at sub $1.0 towards $.85 .69 cents
Would you dare to buy Real Estate Stocks in China?WIthout the government stimulus, I think many of the Chinese Developers would go bankrupt....
Country Garden, the largest developer in China has peaked in 2018 at 18+ dollars and todate, it has dropped more than 97% of its share price to recover at a miserable 2.83 dollars. Financially, it is still on very shaky grounds as no one knows how long is stimulus would last. There are still many unresolved problems internally and externally. A large percentage of over hang and uncompleted projects in the entire China is still happening, probably creating a loss of confidence amongst investors.
On the other hand, the zero Covid policy has also been a catalyst as well. Without able to get out of the house or return to office as normal, many things remain uncertain. Why would someone want to park their money in real estate when things appear so murky at this moment ?
Thus, I think sales would take a fairly long time to recover and for investors confidence to return.....
Is Tencent glorious days over ?Read this latest article here
The main culprit can be attributed to the central government crackdown on the tech sector which almost kills the likes of Alibaba, Meituan and other listed tech companies. They have all suffered a fall in share prices of 50-65% from its peak.
In Tencent case, the withdrawal of its largest shareholder sent shivers to many retail investors who had been a great fan and support of Tencent for a long time. Hedge funds and other investment banks are either pulling out or putting their brakes on investing in China.
Nobody can read the mind of the Chinese government and their sudden and abrupt decision to interfere the private sectors to such a large extent had cause much commotion in the business community. Now, we hear the government is making a 180 degrees turn and declare they will be supporting the platform economy after slapping fines on both the two biggest companies , Alibaba and Tencent.
Of course, we can understand how scary it must be if these private companies become a monopoly and with hundreds of millions of users, they can control the mind of these people. It is not something any government wants. So, naturally , the government wants to step in and have a say , to have some form of control before things get too big, too ugly to handle later.
I will be watching closely 382 price level as that was the previous resistance level. Twice it has failed to break above (Jan and Apr 2023). Also, it will be releasing its quarterly earnings soon and that could be a catalyst for the share price to go higher. Let's wait and see, no hurry.....
HKE Holdings Ltd.On the above 10-day chart price action has printed a 500% move since September last. Now is a excellent short opportunity. Why?
1) Price action prints at macro resistance
2) Price action prints a bearish engulfing candle
3) Broken RSI support.
Is it possible price action continues higher? Sure.
Is it probable? No.
Ww
Want to get your hand on EV stocks in China ?Read the latest articles here , here and here
The weekly chart shows all 3 EV companies have broke out of its weekly bearish trend with Li Auto reaching its previous peak yesterday.
The EV market dominated by China is one of the pillar that it wants to focus in the coming decades as evidenced by the extension of the NEV tax reduction (read here )
If you are not keen on buying auto companies, there are downstream players in the supply chain that you can consider , such as battery manufacturers or raw material suppliers (see here )
Please DYODD and make your own informed investing decision. All the best !
The Importance of Understanding the financial statements
Introduction:
Investing in the stock market can be an exciting venture, but it also comes with inherent risks. As a beginner investor, it's crucial to arm yourself with the right knowledge and tools to make informed decisions. One of the fundamental aspects of analyzing a company's financial health is understanding its balance sheet and income statement. These two financial statements offer a glimpse into the company's financial position, performance, and overall stability. In this article, we will explore why understanding the balance sheet and income statement is essential before diving into the world of investing.
Assessing Financial Health:
The balance sheet provides an overview of a company's assets, liabilities, and shareholders' equity. By understanding this statement, investors can assess the financial health and stability of a company. A strong balance sheet, with healthy assets and manageable liabilities, indicates a stable and well-managed company. On the other hand, a weak balance sheet with high debt levels may signal financial instability and higher risk for investors.
Evaluating Profitability:
The income statement offers insights into a company's revenue, expenses, and net income or profit. Analyzing the income statement helps investors understand how profitable the company is over a specific period. Consistent and growing profits are positive indicators of a company's ability to generate returns for shareholders. On the contrary, persistent losses or declining profits might raise concerns and influence investment decisions.
Identifying Trends and Patterns:
Regularly analyzing the balance sheet and income statement over multiple periods allows investors to identify trends and patterns in a company's financial performance. Patterns of consistent growth or steady improvements in key financial metrics can instill confidence in investors. Conversely, erratic or downward trends might serve as cautionary flags, prompting further investigation before making investment choices.
Assessing Investment Risk:
Understanding the balance sheet and income statement helps investors gauge the level of risk associated with investing in a particular company. A company with low levels of debt and stable revenue streams may offer a more secure investment compared to a company with high debt and fluctuating earnings. By understanding the financial statements, investors can better match their risk tolerance with suitable investment opportunities.
Making Informed Investment Decisions:
Investing without understanding the company's financial health is akin to taking a shot in the dark. A thorough analysis of the balance sheet and income statement empowers investors to make informed decisions based on objective data rather than emotions or speculative rumors. It provides a solid foundation for evaluating a company's potential for growth and long-term sustainability.
Identifying Red Flags:
Misinterpreting or overlooking crucial information in the financial statements can lead to costly mistakes. Understanding these statements helps investors spot red flags such as declining revenues, rising expenses, increasing debt levels, or unusual accounting practices. Recognizing these warning signs early can prevent investing in companies with underlying financial troubles.
Conclusion:
In conclusion, understanding the balance sheet and income statement is a fundamental skill that every investor should possess. These financial statements provide valuable insights into a company's financial health, profitability, and overall stability. By analyzing these statements, investors can make informed decisions, assess investment risks, and identify potential investment opportunities. Armed with this knowledge, beginner investors can navigate the complex world of the stock market with greater confidence and increase their chances of achieving their financial goals. Remember, successful investing is a journey of continuous learning and diligent analysis.
75% drop from the peak for Meituan , would you buy ?Read these news here :
www.reuters.com
I am not aggressively buying at this moment although the revenue has improved over last year. I will wait for the breakout from the bearish channel before deciding and takes time to do more research.
As Meituan started as a food delivery platform and dominate the largest market share in China, it has also branch out into other areas like ride sharing, bike sharing, restaurant management services. Also, it has expanded its services into Hong Kong , out of its comfort zone in China.
Because people are locked down during the 3 years Covid period, food delivery becomes a must have and the demand is high on a national level. Now with the reopening of the China market, would more people still order food and eat at home or prefer to dine out ?
There will always be demand for this food delivery - think the people returning to office and prefer to lunch in, have meetings ,etc rather than stressed themselves out hustle bustle in the lunch crowd within an hour.
The divestment of Meituan shares by Tencent, its biggest shareholder also caused a slump in its share price along with the tech regulations that hit China tech companies like Tencent, Alibaba, Baidu, etc.
Let's wait and see how it performs in the coming weeks/months.