Chinese Stocks 🇨🇳 Next Week

Shyon
2023-07-30

Chinese ADRs continued to be volatile for the past months. Until last week, we see many of these stocks start to pick up and rebound strongly, after the good stimulus news from the Chinese government. 

Some hot counters

Let's look into some popular Chinese hot ADRs. First and foremost, the famous BABA. It showed a strong breakout from its parallel uptrend tunnel, which may lead the stock to continue its bullish movement next week, therefore $Alibaba(BABA)$ .

Nice breakout

Next will be $Bilibili Inc.(BILI)$ , which also showed a double bottom pattern with a neckline breakout last Friday. The breakout was not firm yet as the closing price was still very near to the neckline. Let's continue monitor and see its movement next week. 

Double bottom formation

After that, we have $iQiyi Inc.(IQ)$  too, but this stock will be more volatile due to its earnings call on incoming Tuesday. It may consolidate first before trend higher. I think after all, the earnings result will decide its incoming movement.

Gap up + Neckline breakout

 Nutshell

In short, I predict the Chinese ADRs will continue to perform good in next week. Those e-commerce counters will benefit from the market sentiment on Chinese counters as well, therefore bullish for them too! $JD.com(JD)$ and $Pinduoduo Inc.(PDD)$ .

How do you think?

@CaptainTiger  @MillionaireTiger  @Tiger_SG  @Daily_Discussion  @TigerStars  @TigerEvents  

Chinese ADRs
Tracking the US-listed Chinese companies.
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Comments

  • neo26000
    2023-07-30
    neo26000
    Any known bad news has already been discounted. There is only one direction now. UP. Of course it will not in a straight line but you can Never see a bull run till it has happen. I think bears have had enough fun this year. Bulls have already shown its horns protruding in July. Feel free to wait to see its head comes out.
    • lyj1999: 
      oookk
    • KennethLong: 
      thing always change as time fly away. UP definitely is coming
    • Shyon: 
      Thanks for sharing your great insights. Very interesting description with your bear and bull. I have fun reading it, give you a [666]
  • FrankRebecca
    2023-07-30
    FrankRebecca

    The trade war between the US and China has been a major headwind for Chinese ADRs

    • Shyon: 
      Yes, I wonder when will the US gov stops such "war" and "ban". It's just too much. 
  • AndreaClarissa
    2023-07-30
    AndreaClarissa

    The Chinese economy is slowing down, which could also impact the performance of Chinese ADRs.

    • Shyon: 
      This is true but I think the impact is already reflected in the stock price for the past 2 years. [Cry]
  • koolgal
    2023-07-31
    koolgal
    Thanks for sharing your valuable insights on Chinese stocks.  Let's hope another Winning week this week for these stocks. 😍😍😍
    • ShyonReplykoolgal: 
      [love you] [love you] [love you]
    • koolgalReplyShyon: 
      That's what friends are for. ❤️
    • koolgalReplyShyon: 
      To the moon! 🚀🚀🚀🌛🌛🌛🌈🌈🌈💰💰💰
    • Shyon: 
      Thanks for your support! Let's fly half for the second half of the year.
    • Shyon: 
      Thanks for your support all the while.
  • XantheJuliana
    2023-08-11
    XantheJuliana

    Watch this test 102.50 by end of Monday. Panic selling at the open in light of 8 analyst price target upgrades is for suckers, pass the popcorn please.

  • YorkTurner
    2023-08-11
    YorkTurner

    For the people that get excited when this goes near 100, the way this game goes it it goes from 80-90, maybe close to or over 100, rinse and repeat.

    • Shyon: 
      Suitable for those who swing and trade
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