🇨🇳 Chinese ADRs - Hmmm yes or no?

Chinese stocks are among the most headache stocks if you are holding any. Most of them have been retraced for so long. Everytime a rebound ends within a few trading days and continues with a lower low! Really unbelievable. Many of them have been undervalued for the past two years!

Hot stocks

Again, the strongest Chinese ADR counter belongs to Pinduoduo without doubt. PDD focuses on high quality development, offering better services, consumer protection and research and development investments. The company also contributes to agriculture and agritech initiatives, supporting innovation and technology adoption in farming practices for social impact. Therefore I am bullish in $Pinduoduo Inc.(PDD)$ for mid to longterm. Its chart also has a clear bullish uptrend formation. 

PDD daily chart

iQiyi chart is quite weak and currently the probability of breakdown the support will be high. EMA wise forms an obvious death cross. Nothing much to analyze for this stock but just$iQiyi Inc.(IQ)$ Bearish. 

iQiyi daily chart

Now, for BABA, one of the most famous counter among the Chinese stocks. Barely see an obvious pattern in the chart honestly. The only close one will be a potential triple bottom formation. Also, Alibaba and Tencent have joined a $300M funding round for Chinese artificial intelligence, or AI, startup Baichuan Intelligent Technology. Baichuan is among the prominent startups developing generative AI models in China, hoping to compete with large language models, or LLMs, from the likes of Microsoft-backed OpenAI, and OTHERS. Let's wait for a rebound from $Alibaba(BABA)$ Bullish. 

BABA daily chart

How about BILI? Recently the stock broke down from the blue line support which made me to choose bearish over bullish $Bilibili Inc.(BILI)$ Bearish. Given Bilibili financial strength, profitability, and growth metrics, some analysts highlight the firm's unparalleled position for potential underperformance. While the company has a strong reputation in the Interactive Media industry, these metrics suggest that it may face significant challenges in maintaining its historical performance. As value investors, it's crucial to consider these factors when making investment decisions.

BILI daily chart

As compared to its rival PDD, JD is relatively weak in its share price. Very obvious downtrend and gap down plus breakdown last week which make to have a bearish vote for $JD.com(JD)$ Bearish. However, JD has been actively developing its third party marketplace business, a significant growth driver that we might take note for a potential trend reversal in future. 

JD daily chart

Do you still keep an eye on Chinese stocks or give up totally already?

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