The Shanghai property index looks like a technical double bottom

China cut down payments requirement of home buying to ALL TIME LOW — 15%.

Mortgage rate also cut. It’s an end to the era of “home is for living in, not for speculation”.

The property sector index surging another 6% from its double-bottoms, and industry leader Vanke limit up 10%.

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My Analysis on May 15th:

PDD Drops 10%! Will You Buy the Dip Under $100?

Pinduoduo shares dropped over 10% after the company reported Q3 revenue of RMB 99.35 billion, missing the estimated RMB 102.83 billion. -------------------- What's your target price for PDD's decline? Consider to bottom at $90 or not?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

valentia
05-18
valentia
Good news for the market 😁
LouisLowell
05-17
LouisLowell
Keep up the good work!
KSR
05-18
KSR
👍

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1008

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