Chinesestocks
$KWEB due for a bounce here at $46?Extreme bearish sentiment at $46 support? Looks due for a bounce to me. First upside target $66 and then $76. Unlikely to make it much higher than $76.
Watch for reactions to price action on key dates and levels on the chart.
$BABA - YOLO Adventures 1New day, new series. I am excited to introduce the YOLO (You Only Live Once) Adventures. This is going to be an experiment where I bet $1,000 in options to try and get outsized returns in a short period of time. Of course, I will be using techniques that I have previously mentioned to try and optimize risk/return. On the chopping block, this week is $BABA
The main reason for buying this stock is essentially the Chinese Amazon. It is a huge marketplace to buy extremely cheap products. Recently the price has fallen as there has been a crackdown by Chinese regulators which has caused investors to flee the name to reduce political risk. However, things may be about to change.
Technically, the stock has seen roughly a 40% reduction. This has caused the stock to overextend its 200-day moving average, creating the potential for a reversal. Additionally, it has bounced twice near the $200 level which could serve as a technical and psychological support level. Furthermore, the stock is approaching a Bullish Wedge Pattern. Any break above the downward trend will serve as a huge catalyst.
In some of my options research, the ratio of call to puts is 5-1, a very bullish signal. From TD Ameritrade’s ThinkorSwim platform I derived that there were over 150,000 calls and roughly 30,000 puts on July 21. This suggests that many entities are betting on an increase in price. Today alone there was roughly $18B in call options.
Finally, the company reports its earnings on August 3, 2021. I will use this as an exit opportunity as implied volatility usually increases around earnings periods. I will begin entering this trade on the trading week ending July 23. I will average down if the stock continues to sell off and add more around the $200 level.
Wish me luck!
Alibaba Breakout + SeasonalityBABA broke out two days ago, with above average intraday volume.
OBV is confirming slight positive trend.
Taking a look at seasonality:
We are entering July, which has been THE best performing month in the past 8 years.
BABA has closed higher than it opened 83% of the time in July, since 2014.
Approximate Potential Target ---> $275
If You Missed The Recent Big Move on KBA, Here's Another ChancePrice is retesting the upper channel (after breakout). I'm waiting for a green daily candle before adding to my position.
$BIDU Good Bottom Buy? 6/1-2Video Breakdown on $BIDU
Looking good potentially to the upside past 208-10
Chinese EV Stock Xpeng XPEV Has A Bullish PotentialXpeng XPEV violated the downward trend line with a bullish strength and momentum.
XPEV could target $34.40 and $41.80 consecutively according to Fibonacci retracement levels.
Xpeng has underperformed this year, with its stocks down by roughly 30% each, since early January.
The Chinese electric vehicle (EV) space is booming, with China-based manufacturers accounting for over 50% of global EV deliveries.
Baidu (BIDU) Good Entry Point on W1.Baidu (BIDU),W1: Support line + Hammer + Hidden Divergence + Great sell off.
TCEHY Potential long.Disclaimer: This is merely an idea and not investing advice. Take caution and trade on your own risk.
Good luck investing, have a prosperous future!
Alibaba is in the zoneA market capitalization similar to what it had in January 2020 despite growth, a greater presence of e-commerce and good future prospects in various sectors.
In trading area according to the volume profile since October of last year.
In long-term uptrend.
It is closing a triangle, from my perspective it would be close to looking for a breakout.
MACD hitting the bottom, announcing a reversal signal.
It has strong support around $ 210-200.
Resistances at 250, 270 and 300.
Sounds like a good entry point to me.
NYSE:BABA
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Be ready to buy it after correctionThe chart shows Us after last analyze where I said that the down trend will stop so I was right haha now I have like a big hope that the chart will go up
1st wave must be a BOOM!AB=0.38 XA
BC>2.6 AB *invalid*
tp1=0.78 BC=$4.6
tp2=0.88 BC=$5.5
tp3=0.78 XA=1.27 BC=$10
tp4=0.88 XA=$11.5
tp5=1.13 XA=$15.5
tp6=1.6 BC=1.27 XA=18.5
tp7=1.6 XA=$28
the chipest price!shark harmonic pattern:
B=0.38 A
C=2.6 B *invalid*
tp1=0.88 A=$12
tp2=1.6 C=1.13 A=$16
tp3=2.24 C=45$
$SOS #stockmarket #live #news #business #trading #stocks #stock SOS Limited, a technology company, provides marketing data, technology, and solutions for emergency rescue services to corporate and individual members. It operates SOS cloud emergency rescue service software as a service platform that offers basic cloud products, such as medical rescue, car rescue, financial rescue, and mutual assistance rescue cards; cooperative cloud products, including information rescue center, intelligent big data, and intelligent software and hardware; and information cloud products, such as News Today and E-Commerce Today. The company serves insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers, and other service providers in the emergency rescue services industry. SOS Limited is based Qingdao, the People's Republic of China
$nio - double bottom, flaggingtouched the bottom trendline twice which could confirm the flag forming. I think we have seen the bottom unless EV decides it wants to completely collapse, there is no reason for this to go lower.
all Chinese EVs look very similar
ABC targets with shark pattern and cypher reversal scenarioin the path of the slide must retest key level of the Fibonacci
low float Chinese stock pump and dumpThere is no specific news or SEC reports from the company today so it appears that there has been buzz on social media around the buying of shares in China-based education companies that have a low float today. Wah Fu Education Group has a 1.18 million share float, which is ideal for day traders. When shares have a lower float, day traders can drive drastic changes to the stock price.
LKCO At Key LevelI know we saw a strong day today but here it is at a frequent technical level it has had a hard time breaking above before. Can it do it again?
This is where we’ve seen stocks like LKCO NASDAQ:LKCO surge this year. If you look back at the start of 2021, the penny stock was trading around $0.70 and ended up rallying as high as $3.86 last month. Similar to many stocks, Luokung shares slid during the second half of February. This was mainly in response to a $100 million financing round the company formally closed on February 22nd.
Luokong is a big data processing company designing location-based services for customers in China. Its Luokuang and Superengine brands provide spatial-temporal big data via PaaS, SaaS, and DaaS services. While things like the “Internet Of Things” has captivated tech traders, there’s something else going on with LKCO that has traders’ attention right now.
Quote Source: 5 Hot Penny Stocks To Buy Under $1 In March 2021
Baidu Inc.Good day traders,
We position us short in Chinese tech again. According to a contact of mine in Washington, the Biden administration plans to impose a Trump-era rule aimed at combating the rising importance of Chinese technology firms .
The rule, that the Trump administration proposed in November, enables the Commerce Department to ban technology-related business transactions that it determines pose a national-security threat. It is also aimed to secure US supply chains. It puts further pressure on Chinese technology companies such as Baidu, as it limits their possibility to enter the US market or get any substaintial market share. Baidu saw some tailwinds recently after news that it plans to enter the EV market in a cooperation with Geely - however, it went quiet on that venture and there were no reports of progress in that direction.
FUTU parabolic move coming to an end or moon?$Futu... very aggressive moving stock here, Chinese holding company that has gone parabolic, watching to see a continuation to retest ATH or a hard drop! Not a good long term stock imo, very volatile and only recommend going in this for short term swing or day trade. Expensive premiums and high IV on contracts, choppy movement or flat movement after hours will kill your premiums and contracts will lose value quick.
*side note* I have been busy with work and school and still have some personal things to handle this coming month but will be dropping some charts and affordable plays later. As of now the market looks bloody as we rotate to different sectors each week. Set watchlist by sectors and see where the money is going. Lots of strong company names (aapl, tdoc, sq, tsla) on sale and are at a great spot to add them to long term portfolios. It is safe to stay away from short term swings as there is lots of market uncertainty due to stimulus, memes, inflation, etc. Don't get burned trying to catch the bottom, sacrifice a little profit and wait for clear signs of reversal. Don't know signs of reversal? well now is your time to do some research on TA, FA, Market psychology and more. I will also be uploading more educational videos covering that as soon as I can!
XPEV: The forgotten Chinese EV PlayI am wary of Chinese ADRs, but I think this technical set up in XPEV is too good to ignore. I love the consolidation since it's peak in November, and I also think it has developed a solid support level the past few weeks at $45.
XPEV is another EV maker, so it has the upside of catching momentum on any news associated with the industry. I am targeting $60/65 as my upside target, while using a $36 stop to minimize my downside
