EV sales remain weak for May. As reported, major electric vehicle makers mostly saw vehicle insurance registrations in China fall last week, with a major holiday taking its toll early May. Let's look into the chart trend for Chinese EV trio, Nio Xpeng and Li! NIO Chinese electric car company Nio announced last Thursday that it will launch its lower-priced brand called Onvo on May 15. Onvo's first model, the Onvo L60, will take on the Tesla Model Y, and will primarily target the market for smart, family-centric pure-play EV market in the RMB 250,000 ($34,600) class.  Nio daily chart For Nio, the share price pulled back like most of the EV companies after rallied since mid April. So far, this round of correction is still healthy as long as it stands firm above 5 USD. If you look at the

The Federal Reserve remained on hold for the sixth time, continuing to maintain interest rates at 5.25-5.50%, while also rejecting the possibility of further interest rate increases.  Nonetheless, with inflation data still higher than expected, a high interest rate environment is likely to remain in place for some time to come. Global stock markets have experienced a violent rebound, especially Hong Kong stocks, which have surged by about 20% from the bottom in January this year, finally ushering in a long-lost bull market. U.S. stocks, which had technically turned negative before, also rebounded dramatically to levels before falling. Today, let's look I to the technical charts of a few famous Chinese stocks. BABA BABA daily chart Double bullish sign for Baba stock! Firstly, the share

What a great week for listed Chinese EV shares last week. Most of them experienced significant gain in their share prices over the week. The biggest winner belongs to Nio! NIO Nio is a Chinese EV maker that sells a wide range of sedans and SUVs. It differentiates itself from the competition with its swappable batteries, which can be quickly replaced with fully charged ones across its network of swapping stations. Nio delivered 15,620 vehicles in April, a 134.6% year-over-year increase. Nio's strong performance may be related to the price adjustment and promotions of its battery rental service. The strategy has allowed Nio to deal with the price war without having to lower its vehicle prices. Nio daily chart Great prediction and analysis last week. Nio continued to trend higher after break

Carried by the EV leaders and bullish investment sentiment in Hong Kong and China markets, the famous Chinese EV trio rebounded strongly during Friday's trading session. Let's look into the technical analysis and prediction for these stocks movement next week. Chinese EV Trio - Nio Xpeng Li Nio announced on Thursday that it entered into strategic cooperation with Lotus Technology on charging and swapping. The announcement was made at the 2024 Beijing International Automotive Exhibition. The two companies plan to carry out comprehensive and in-depth strategic cooperation in areas related to charging and swapping, including battery standards, charging and swapping technologies, battery asset management and operations, service network construction and operations, vehicle R&D and customiza

Another big news for China market, again and again after every rally. [Surprised]  [Surprised]  [Surprised]  China's Cabinet vowed to tighten stock listing criteria and urged companies to improve corporate governance in new guidelines released on Friday, the latest effort to support the nation's equity market. According to the statement, the State Council will ensure“high quality development”of listed companies, crack down on illegal share sales and strengthen the supervision of dividend payouts. It will also promote the entry of medium- to long-term funds into the market.The measures come as the equity market has struggled to extend a nascent rebound, with the CSI 300 Index falling for the seventh session on Friday.Personally, I think such measure w

Chinese stocks are now looking to recoup some US$10 trillion of losses from the last three years, with valuations hovering near a decade-low. The MSCI China Index tracking more than 700 companies traded at home and abroad has rebounded 12 per cent from a January low, ranking it among the best performers among major global peers during that period. Foreign investors' appetite for Chinese stocks continues to recover as they become less pessimistic about the prospects of a recovery. Meanwhile, geopolitical conflicts will also continue to drive global investors to diversify or leave China and to fear being discriminated against globally for being friendly to the country. That means China will continue to face difficulties attracting investment. Let's look into a few Chinese ADRs and see h

I wonder how many investors are still having their hopes with Chinese stocks, which has been undervalued for the past years without an obvious trend reversal until today.  China's Shanghai Shenzhen CSI 300 and Shanghai Composite indexes slid 1.6% each on Friday, and were among the worst performers in Asia. Losses in technology and mainland stocks dragged Hong Kong's Hang Seng index down nearly 3%. Chinese technology stocks were battered by fears of more U.S. sanctions, after a top Commerce Department official suggested that SMIC- the country's biggest chipmaker- may have violated U.S. trade law in making a processor for a flagship Huawei phone. Sentiment towards China was also rattled by reports of a new U.S. bill that will limit investment in Chinese stocks by U.S. mutual fund f

As we can observe this week, it will be a big event for Chinese stocks as most of the major or hot companies are going to release their earnings this week! It's hard to guess or predict the trend after earnings but we can analyse from the view of technical trend. Without doubt, Chinese stocks showed strength in rebound for the past few weeks, indicating a trend reversal for most of the stocks after being downtrended for the past 2-3 years. Let's start with the two EV makers, Xpeng and Xiaomi in which the latter is a new joined player in the EV market.  Xpeng Xpeng is one of the famous Chinese Trio. The company stock starts to rebound since early February. As we can observe from the chart below, drawn in blue line, an obvious uptrend is formed and valid until now. An uptrend

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Hong Kong stocks rose, starting the week on a firm note, after an official report over the weekend spurred optimism that consumer demand was improving in the world's second largest economy, with positive investor flows also boosting sentiment. The Hang Seng Index advanced over 1% this morning. The Hang Seng Tech Index gained over 2% today. Economists largely attributed the gain in consumer inflation to seasonality, in which the Lunar New Year fell in February in 2024 against in January a year earlier. The recovery in consumer prices is a welcome sign of improved domestic demand. However, we are not yet out of the woods with trade still facing uncertainty and the property drag ongoing, which means policymakers will need to keep a proactive stance. For such, I am optimistic for Chinese ADRs