Is it time to buy ChineseADRs?
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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- CMCMarketsSingapore·2022-01-16It is a good technical analysis. I agree that the $140 level and the Gap at $160 are huge resistances for BABA.LikeReport
- TomCap·2022-03-16Unless 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.LikeReport
- BABASheep·2022-01-13A good technical analysis. The $140 level and the Gap at $160 are huge resistances for BABA.LikeReport
- BelindaHaywood·2022-03-16Next 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.LikeReport
- Heartbeat12·2022-03-16I would have shown interest in this, if it was actually the company and not an image of a company based in a sketchy company.LikeReport
- BelindaHaywood·2022-03-16Time 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 squeezeLikeReport
- ·2022-01-14I am going to invest in Baba because I think it will continue to perform well in 2022. Hope my predictions will come true.LikeReport
- MarsBloom·2022-03-16I would not take $BABA stock even if someone paid me to take it of their hands.LikeReport
- KingKong87·2022-01-14👍LikeReport