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Should you be concerned about falling price of your stocks?Well, the answer depends ! If we take a look at Alibaba shares, we can see that it has reached its 52 week low at 60.25. But Alibaba is more than an e-commerce store with diversified investment in cloud infrastructure, retail, internet and technology. We all know about the disappearance act of Jack Ma and how he vanished into thin air after the last public speech years ago. Rather than speculate what happened to him, we need to understand he has long relinquish his controlling position in Alibaba and let the executive directors take charge. It's latest better than expected Q3 results have started once again to whet the appetite of many international investors and fund houses to go LONG on this company. So have I. On the other hand, if we have to compare, i would say Amazon comes close in terms of its e-commerce part of the business but look at the chart. It is still within the bearish trend and has some time before we see it break out. There is a saying that buying China stocks is RISKY because you never know what the CCP will do - look at the educational listed companies that plunged more than 90% in share price within the day. Strictly looking at the business part of Alibaba, I believe it has strong financial standing with tons of cash to funds its R&D and also it is usually in the forefront of technology. Not forgetting there lies a possibility of Ant Financials IPO. That could give Alibaba the catalytic boost it needs. More importantly, if we are not peaceful over short term price volatility and constantly watch the price action, it sends nothing but frustration and anxiety to us. Then, it begs the question of WHY are you buying into this company in the first place ? Is it FOMO ? Is it some hearsay? Did you do your own due diligence ? If yes and the business has not deteriorate in any way, shouldn't the price drop be seen as a good chance to accumulate ? I have also shared about my thoughts in diversification. Buying solely into one company does carry more risks than a basket of tech stocks like ISHARES TECH or PNQI ETF. The latter strategy works best for those who have limited capital or recurring capital to top up each month. Do not look at the stock market as some form of lottery ticket wins and you will be much better in years to come. Of course, this represents my view and it is not to be construed as a buy/sell advice. Please DYODD. P/s: I am vested in both companies at time of writing.
HKEX:9988Long
by dchua1969
4
9988|Alibaba Wave Projection | Bullish Divergence - Rebound?Price action and chart pattern trading - Minor downtrend ending diagonal pattern with MACD bullish divergence > A possible wave 4.3 minor downtrend wave at the lower support 0.786 extension of wave 4.1 and upcoming rebound wave 4.4 to 0.382 - 0.5 fibonacci retraced from wave 4.3. > Target upside +10 - 12% while downside is -6%, RRR: 1.5:1 > The final downtrend wave 5 could be slightly below Target H&S zone. Always trade with affordable risk and respect your stoploss, nothing is 100%
HKEX:9988Long
by dukeposh
1
Tencent major 4.5% drop sending a break in structure Tencent break in uptrend structure - Bearish Tencent has eventually broken below the Uptrend structure after fantastic upside. This means, the price is now in free fall and is more likely to touch the previous support (brim level of the last Cup and Handle ). 21<7 price>200 - Reversal RSI <50 - Bearish Target 312 I just did an analysis on Naspers which we spoke about how Tencent has the correlation. As Naspers correlates with Tencent and Prosus... We saw a sluggish market in Asia session with the banking holiday effect in America. Hong Kong stocks slump as Chinese tech giants step up rivalries, HSBC in focus as market await corporate earnings boost. The Hang Seng Index declined 1.7 per cent to 20,529.49 at the close of Tuesday trading, the biggest drop in over a week. The Tech Index tumbled 3.6 per cent while the Shanghai Composite Index added 0.5 per cent. The benchmark index has lost nearly 5 per cent in the past two weeks as hedge funds withdrew from the market. With Tencent dropping 4.5% this is why we saw a large breakaway gap with Naspers. Caution is needed with such volatility .
HKEX:700Short
by Timonrosso
Positive Closing: Executed trade generated profitXiaomi stock Recently has started a bull trend that brings the stock price, to rise from its minimum of 8.42 to 18.10 bringing a rise of 59.49%. I got my signal and entered just in time to take some profit. Now the price overpass my level of attention between 12.30 and 12.74. the last bull impulse brings the moving average of 50 periods close to the moving average of 200 periods, and probably we will see a possible golden cross, let's see it In the coming weeks. My new next level is above 14.22. Probably the reopening of China and the end of the political covid-zero is given a boost to the economy and so the possible start of a bull run, we need to be careful and be aware of any possible change of direction, so having a portfolio diversified, and doing diligence in our work, will help us to protect our portfolio. This trade you can see it on my profile in eToro.
HKEX:1810Long
by tassrjfly