Chinese Stocks 🇨🇳 Next Week
Chinese ADRs continued to be volatile for the past months. Until last week, we see many of these stocks start to pick up and rebound strongly, after the good stimulus news from the Chinese government.
Some hot counters
Let's look into some popular Chinese hot ADRs. First and foremost, the famous BABA. It showed a strong breakout from its parallel uptrend tunnel, which may lead the stock to continue its bullish movement next week, therefore $Alibaba(BABA)$
Nice breakout
Next will be $Bilibili Inc.(BILI)$
Double bottom formation
After that, we have $iQiyi Inc.(IQ)$
Gap up + Neckline breakout
Nutshell
In short, I predict the Chinese ADRs will continue to perform good in next week. Those e-commerce counters will benefit from the market sentiment on Chinese counters as well, therefore bullish for them too! $JD.com(JD)$
How do you think?
@CaptainTiger @MillionaireTiger @Tiger_SG @Daily_Discussion @TigerStars @TigerEvents
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The trade war between the US and China has been a major headwind for Chinese ADRs
The Chinese economy is slowing down, which could also impact the performance of Chinese ADRs.
Watch this test 102.50 by end of Monday. Panic selling at the open in light of 8 analyst price target upgrades is for suckers, pass the popcorn please.
For the people that get excited when this goes near 100, the way this game goes it it goes from 80-90, maybe close to or over 100, rinse and repeat.
Great ariticle, would you like to share it?
As I said yesterday, this needs to hit 102 to break resistance otherwise it goes back to 90 support.
Back to the high 80ies would be a great entry point #fingers crossed. Day trading this one is easy money
Amazon forward PE is 68 and BABA is 11. Not sure what is going on. Market manipulation at best.
Chinese companies have been reporting strong earnings.
Great ariticle, would you like to share it?
BABBA, on an average loses 9% in each ear at least, over the last five years !!
Me thought BABA. Had great earnings yesterday. Why is BABA down today?
Should be for regular stocks. This is BABA.