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Chinastocks

TME: VCP Pattern / PowerPlaySetup: PowerPlay VCP: 4W 14/5 2T RS: 98 Contraction 2 is setting up after the turn (trendline). China stocks are leading! The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example, "15/4"), with 15 representing the -15% depth of the base and 4 representing -4% of the last contraction. The last part "T" represents the number of contractions. The light blue lines in the chart correspond to the contractions. A more detailed description can be found in Mark Minervini's books. RS stands for relative strength and measures the strength of the stock compared to the overall market. The value range is 1-99 with 99 being the highest value. The rank was generated by fyntrade.
NYSE:TMELong
by fyntrade
LKNCY - Breakout Entered Advance StageLKNCY has made a powerful breakout from its accumulation zone. This breakthrough came on the back of strong quarterly earnings, positive net income, and growing revenue. INTRODUCTION: LKNCY is a strong rival of Starbucks in China. It is rapidly adding new stores, reaching the nationwide number of nearly 8,000. In contrast, Starbucks has 6,000 stores in China despite its decades-long presence. BREAKOUT & ADVANCE STAGE: When a stock enters Advance Stage (called as Stage-2), its movement gets fast particularly when it is supported by strong earnings. LKNCY stayed in Accumulation Zone (Stage-1) rangebound for almost 2 years while the company did not post positive earnings for many years. But now, it has broken the resistance of accumulation stage, and entered advance stage on the back of impressive quarterly earnings. EARNINGS GROWTH Luckin's post-quarter revenue is up 18% while post-quarter earning has expanded a whopping 561%. Its earning trend and footprint growth in China shows it to be a truly growth stock. It has had negative margin for the past few years which kept its price growth lurking and slow. However, its revenue growth has never slowed down because of its rapid expansion and widening customer base. FUTURE PROSPECTS Although not enough data is available about the future growth of LKNCY, its current growth trend reveal good prospects for the future. Its technicals are sound and financials are rapidly improving.
OTC:LKNCYLong
by starringinvestors
3
PDD - Read to Fly? PDD is ready to fly. Here are some solid reasons: REASON 1 - Accumulation Completed Down since February 2021, this e-commerce platform of China has taken a reversal. Entered accumulation zone in March 2022, now enough buying volumes and positive earnings have pushed it out of the accumulation zone. Breakout has occurred at 73 USD key price level, and so now stock seems to have entered advance zone while the key long-term resistance (All Time High) is at 214 USD - a gain of more than 100% possible. REASON 2 - Higher Revenues & Net Income The real fuel is provided by better earnings and further higher expectations in the future. Revenue has grown 23% in TTM while income has swelled 260% in TTM - both are impressive signals of continued growth. Further pedestal is provided by positive expectations of end of lock-down in China which can open-up locked industrial growth. Risk Still caution is needed as markets aren't out of wood.
NASDAQ:PDDLong
by starringinvestors
FUTU - Breakout for Big Jump (150% Gain)Futu - a Chinese online brokerage & wealth management platform has finally broken its resistance of accumulation zone forming an ascending-triangle chart pattern. This stock has tremendous potential. Let's know why: 1. Accumulation Completed Futu entered accumulation stage (stage 1) somewhere in December 2021 following a steep fall inline with general market decline. Its growth was contained. But after a long accumulation period of about 1 year it has finally broken its accumulation zone with ascending triangle pattern, and has swiftly entered advanced stage (stage 2). One word of caution here: Buying volumes are not so high, but golden cross is imminent. 2. Earnings Futu's revenues, which had slowed down in FY-2022, have again geared up with PQ growth of 11% in the recent quarter. Likewise, net income has grown 17%. These increases are not so high as they were in the previous years when Futu did mind-boggling growth, but mild gains are quite possible. Moreover, as it is a fast growing brokerage platform, its growth will resonate with the general market growth.
NASDAQ:FUTULong
by starringinvestors
China A50 set for a corrective bounce?The China A50 has rallied over 13% since the October low and has since retraced to the 61.8% Fibonacci level. An elongated bullish Pinbar formed yesterday which shows strong demand around the bullish engulfing candle and marking a potential swing low within a bullish retracement channel. We are now looking for a break above 12,350 to assume bullish continuation and a move back towards the 13,000 resistance zone. This could be the final move of a 3-wave correction, before it reverts to its bearish trend.
CITYINDEX:CHINAA50CFDLong
by CityIndex
LU Lufax Most Undervalued Chinese StockFor the China reopening thesis i think LU Lufax Holding is the one of the most undervalued stocks you can own right now! And i will tell you why! LU Lufax Holding has a ridiculous PE Ratio (TTM) of only 1.81! The Forward Dividend & Yield is 0.51 (21.79%)! Last year the stock was $18.30. It has lost most than 90% of its value, while the business is growing and pays dividends. The yield alone is a big gain, even if the price stays flat. Last year Morgan Stanley had a price target for LU of $13 while JPMorgan Chase of $15. 3rd biggest shareholder is BlackRock, with an estimated average of $6.11. You can but the stock now 3 times cheaper than BlackRock. The average daily volume in the past 3 months is high, more than $10Mil daily (i think someone is accumulating). My price target is the $7.10 resistance. I believe LU is a premium call. Looking forward to read your opinion about it!
NYSE:LULong
by TopgOptions
3
Nio (NIO) | Attractive $10 vol.2Hi, Technically speaking not the best criteria but not so bad either so I would like to share it as an idea. Combine fundamental analysis with technical, fundamental is your own thing but some technical viewpoints are: 1. The round number $10 2. Gap fill from 2020 June 3. Fibo Extension 4. Previously worked resistance level Do your fundamentals, it should be a strong one because be ready to grab it from lower prices as well but to start building NIO positions it looks correct spot, at least technically speaking. Good luck, Vaido
NYSE:NIOLong
by VaidoVeek
2
Selling CN50 previous support.CHN50 - 21h expiry - We look to Sell at 12340 (stop at 12570) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 11685 and 11485 Resistance: 12270 / 12950 / 13370 Support: 11485 / 11000 / 10490 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:CN50USDShort
by OANDA