Chinese Stocks

Chinese stocks continue to bleed or bottom for the past weeks. Why they can never find their bottom? Haha incredible! [Spurting] [Spurting] [Spurting]

Hong Kong and mainland China stocks can only be described as bleak. China is currently facing external and internal challenges, resulting in an overall economic slowdown. The situation is particularly dire in the real estate sector. They are challenging investors patience now.

No much expectations from the Chinese ADRs but hoping that they are able to close at least green tonight, following the rebound in the two countries index this morning.

Therefore, I am bullish for the following stocks, only for today trade 😂. $iQiyi Inc.(IQ)$ $Bilibili Inc.(BILI)$ $JD.com(JD)$ $Alibaba(BABA)$

Why? Look at their candle, all leaving a long lower shadow yesterday which signify some buying support at current level last night. Thus, I feel the rebound will continue today.

JD daily chart

IQ daily chart

BABA daily chart

BILI daily chart

The only strong Chinese stock I found is $Pinduoduo Inc.(PDD)$ Bullish! Look at its chart, very obvious uptrend being formed.another recent new high is just a matter of time. The shopping festival will 10-10 and 11-11 in China will further boost the sales higher.

PDD daily chart

How do you think? @TigerStars @CaptainTiger @MillionaireTiger @TigerClub @TigerSG @Tiger_comments

Hot Chinese ADRs' Frenzy

As China’s reopening starts to take shape, investor focus is increasingly seen shifting from frenzied stock bets to longer-term plays.

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Comments

GriseldaBrown
2023-10-08
GriseldaBrown
When we see the bottom, I assume after this we will quietly start to rise. East Asian markets are running hot, with many Chinese stocks there seems to be the same fear as with the Russian stock market last year. Better times are ahead.
BruceBryant
2023-10-06
BruceBryant
no need to rush in take your time, Dollar average. This is a bull for the long term future
BenedictMill
2023-10-08
BenedictMill
PDD made a 52 week high, which is good news for all Chinese tech.
WernerBilly
2023-10-07
WernerBilly
i‘m not even not bullish in long term…
WayneEvans
2023-10-07
WayneEvans
we comfortable baby don’t worry..