To The Moon

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 $Bilibili Inc.(BILI)$ , which also showed a double bottom pattern with a neckline breakout last Friday. The breakout was not firm yet as the closing price was still very near to the neckline. Let's continue monitor and see its movement next week. Double bottom formation After that, we have $iQiyi Inc.(IQ)$ too, but this stock will be more volatile due to its earnings call on incoming Tuesday. It may consolidate first before trend higher. I think after all, the earnings result will decide its incoming movement. 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! $JD.com(JD)$ and $Pinduoduo Inc.(PDD)$ . How do you think? @CaptainTiger @MillionaireTiger @Tiger_SG @Daily_Discussion @TigerStars @TigerEvents