To The Moon

$JD.com(JD)$ The $HSI(HSI)$ breached its 200 Day Moving Average (orange) last week but it still faces some resistance from a 3 year downtrend line (aqua).I am anticipating a breakout for Chinese equities and my favorite chart so far is JD.com (JD) which has breached its 200 Day Moving Average with decent volume and a bullish engulfing weekly close.First target would be the 3 year downtrend line (aqua) at $37. After hitting the first target we will implement a trailing stop loss strategy at $34. The goal is to keep all profits but also play the larger breakout above the downtrend line (aqua).Second Target would be a gap fill around $51 see chart here.Stop Loss: $28Profit Target 1: $3

The Hong Kong stock market performed poorly with $HSI(HSI)$ down 2.98% last week, hovering dangerously close to the 16,000-point mark.On the news, it's a mix of internal and external troubles:On April 16th, the National Bureau of Statistics released data showing that GDP for the first quarter hit 29.6 trillion yuan, a whopping 5.3% growth that surpassed analysts' expectations. But the real estate sector continues to deteriorate. Newly constructed commercial housing sales area fell 19.4% year-on-year, and sales value dropped 27.6%.Overseas, Fed Chairman Powell said that the US economy is strong in most respects, except that inflation hasn't yet reached the central bank's target. He also pointed out that the world's most important central bank is unl

[For Hong Kong Investors Only] After the Ching Ming Festival holiday in the Mainland, both the number of tourists and the amount of money spent in the Mainland exceeded the pre-epidemic levels, indicating a rebound in the tourism and consumer goods sectors. For investors, this also represents a potential opportunity to invest in the consumer goods sector. Tourist arrivals during the Mainland's Ching Ming Festival holiday reached 119 million, an increase of 11.5% over the same period in 2019. Spending amounted to RMB 539.5 billion, up 12.7% from the same period in 2019. Meanwhile, according to the statistics of the State Administration of Immigration, the border checkpoints across the country ensured a total of 5.189 million entry and exit of Chinese and foreigners during the Qingming

[For Hong Kong Investor Only] Driven by both robust exports and domestic demand, this positive trend is instilling a sense of optimism in the market. In March, the Caixin China General Services PMI soared to 52.7, signalling a strong expansion in the sector. Furthermore, price pressures have eased, enabling service providers to adjust their prices at a more moderate pace. Business sentiment remains positive, with an improvement in expectations for the future. Despite persistent challenges such as employment and low input-output prices, China's economic performance has exceeded expectations. The concerted efforts to solidify the recovery and achieve the goal of "around 5%" economic growth this year will persist. The focus will be on enhancing the quality and efficiency of economic developm