To The Moon

Over the last two weeks, Chinese stocks such as Pinduoduo, Alibaba, Li Auto, and XPeng have demonstrated significant upward momentum. Now, let's examine the technical analysis of their respective charts. $Pinduoduo Inc.(PDD)$ PDD Weekly Chart Pinduoduo's stock is on the cusp of breaking through a notably resilient resistance level spanning 98-110, which has taken shape over the past few years. Historical data shows that previous breakout from this level led to all-time highs. Nonetheless, breaching this resistance demands a considerable effort, suggesting it might be prudent to adopt a bullish stance only after this hurdle is surmounted. $Alibaba(BABA)$ BABA Weekly Chart Over the course of a year, Alibaba's stock has been undergoing a consolidation phase. If momentum persists and the price remains above 100.30, there is potential for an upward movement towards the upper bounds of this consolidation period. $Li Auto(LI)$ LI Weekly Chart Among Chinese electric vehicle stocks, Li Auto boasts the strongest momentum. Hovering near its historical peak, a breakthrough above the resistance zone at 46-48 could propel the stock to set a new all-time high. $XPeng Inc.(XPEV)$ XPEV Weekly Chart XPeng's stock has been trading within the range established since its initial public offering. A breach beyond the 25 mark would not only signal an exit from this range but also signify a breakout from a downtrend line evolving over recent years. Should the momentum persist, the stock's value could ascend to new heights. Conclusion In conclusion, the recent performance of Chinese stocks including Pinduoduo, Alibaba, Li Auto, and XPeng has been marked by notable upward momentum over the past two weeks. A closer look at the technical analysis of their respective charts reveals intriguing patterns and potential breakout opportunities. Pinduoduo stands at the precipice of overcoming a formidable resistance level, with historical precedent suggesting the possibility of an all-time high following a successful breakout. Alibaba's year-long consolidation phase presents an opportunity for an upward trajectory, contingent upon sustaining positive momentum and maintaining a price level above 100.30. Li Auto's exceptional momentum within the Chinese electric vehicle sector is reflected in its proximity to its historical peak. A breakthrough above the resistance zone could herald a fresh all-time high. Similarly, XPeng's stock, nestled within its IPO trading range, could experience a significant shift by surpassing the 25 mark, not only escaping the range but also breaking a downtrend line. As these Chinese stocks continue to garner attention and demonstrate their upward potential, investors are advised to carefully monitor these technical patterns and breakout levels to make informed decisions. The dynamic nature of the market, combined with the evolving trends in the sector, makes for an engaging landscape to watch in the coming weeks. Disclaimer: The levels given are my own opinions and not investment advice. If you choose to follow the trade, do note that you are responsible for your own money. Prioritise your own risk management, expel emotions & focus on your trading plan. [Observation] Have an idea to share? Feel free to comment below. Follow @TigerStars @CaptainTiger @MillionaireTiger @TigerPM