Is it time to buy ChineseADRs?

阿曼曼
2022-01-13

Yeah, Chinese ADRs went up a lot in this week. But they seem a bounce, just a rebound. 

Look at $Alibaba(BABA)$, it probably goes to around $145- $150. BUT I dont think it turns over as the following technical pic. If it stand on the purple trending line, it will be a clear signal to turn over.

$TENCENT(00700)$ is relatively strong Chinese Stock, but it is still fluctuating in the range, if it breakthrough the orange range, it may be go up again.

$NIO Inc.(NIO)$ waiting for Q4 earnings and January delivery numbers. I can't see any thing from technical analyst now. Probably Q1 is an off-season for EV cars.

$KraneShares CSI China Internet ETF(KWEB)$ we can see volume amplification for a while，but price still underperformance. 

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Comments

  • CMCMarketsSingapore
    2022-01-16
    CMCMarketsSingapore
    It is a good technical analysis. I agree that the $140 level and the Gap at $160 are huge resistances for BABA.
  • TomCap
    2022-03-16
    TomCap
    Unless JPOW comes out with extra hawkish tone, I think the bottom is in and rate hikes are pretty much priced in. A relief rally is in store for us. Hopefully, this time it has more stability and strength.
  • BABASheep
    2022-01-13
    BABASheep
    A good technical analysis. The $140 level and the Gap at $160 are huge resistances for BABA.
  • BelindaHaywood
    2022-03-16
    BelindaHaywood
    Next week is $NIO earnings, followed by ET7 deliveries and Happy customers. Finally ET7s on the road! It's gonna rock the sedan market, especially the legacy luxury segment.
  • Heartbeat12
    2022-03-16
    Heartbeat12
    I would have shown interest in this, if it was actually the company and not an image of a company based in a sketchy company.
  • BelindaHaywood
    2022-03-16
    BelindaHaywood
    Time for us long and strong. Do not sell your shares, hold them so they can’t find share to buy and close their short position. Big short squeeze
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