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XIAOMI.....What?s next for XIAOMI?Hello Traders, XIAOMI, the Chinese Smartphone producer has probably finished a wave 5 of (!) or (A)! If so, the correction that started at 35.90 HK $ should send the share to the wave 4 level at HK $19.40 area. More bearish potential exist. While multiple options do exist, I like to see more evidence and „clearness2 for the next move ahead. I will update the count in the coming days. Have a great weekend..... Feel free to ask or comment! Trading this analysis is at your own risk! The editor is invested to this share!
HKEX:1810
by ruebennase
7
Opportunity in Chaos !Read latest article here Some followers are worried about the future of Alibaba and its subsidiaries business with the recent investigation by the Chinese government. Unfortunately, I do not have any insider information to pass on so we have to make do with what we have. 1. Is this drop in share price due to the company's fundamentals ? NO 2. Is this fall in price temporary ? I believe so as it will not be in the Chinese government interest to abolish Alibaba and the other tech giants , after all they are strong Chinese brands that affect the daily lives of millions of people. Think of Taobao - how many business owners are affected if somehow this site is asked to shut down? Wouldn't this create more unemployment problems to the Government ? Also, the government is gaining corporate tax as a source of government revenue too from these big giants. If they are gone, who within this short period of time can replace them ? 3. Cross reference this scenario to the world of Global tech firms like Apple, Facebook, Microsoft, etc. They too have been summoned to court recently as well . Read here , here and here NO government can tolerate any private enterprise to gain too much cloud in their specialised field and create a "perceived threat" to them. The sense of "losing control" over this big tech firms has to be reigned asap and not create problems or obstacles that might affect their political stability. Remember, these are bureaucrats , scholars who had not done businesses so they see things differently and follow a set of rules to comply with. They are the whistle blowers , in some way to ensure that a certain boundary is kept and not being compromised. For Ali Health, you can see the price has now rested nicely on the bullish trend. I see 2 possibilities ahead - 1) it rebounds from here or 2) it continues to fall further to the support line at 17.30 before rebounding. So, monitor the price this week and go to 4H or 1H chart to determine any bullish signals. For those long term investors, you can consider investing in tranches. 25% at current price , 25% at the support and so on......
HKEX:241Long
by dchua1969
HKEX:2196 Fosun Pharma retrace and re-entryAfter a flood of southbound cash into the HK bourse yesterday, HKEX:2196 Fosun Pharma shot up to resistance level at 38.95 within four trading days. Probably a little too much excitement for this particular stock. This was not expected on my part, but very welcome. I took profit as soon as I saw that this resistance level held. Based on these charts, I would wait for entry when the price pulls back to support at 36.50, which also roughly stacks with the 20 EMA and sits nicely within its current uptrend channel . I still believe it will reach $40-$41 in the near term.
HKEX:2196Long
by Callyflakes
The Billion dollars sales ever raked in one day !US$38 billion was recorded in 2019 for Singles Day which falls on 11th November every year in China. This year, I expect this record to be broken and hit a much higher figure. Would the much anticipated Ant Financial IPOs be launched before the Singles Day or after ? I don't know but the amount of media attention and how crazy it is over subscribed . This momentum if continues plus the pent up demand from the Covid -19 may drive lots of consumers in China to go on a revenge shopping trip and buy more than usual. Plus, the vendors will be dangling perhaps more carrots this year than last year and new , traditional players that see a big fall in revenues from their retail shops may jump on the bandwagon and take advantage of this special day. It is a win win win for all - vendors , customers and of course Alibaba!!!
HKEX:9988Long
by dchua1969