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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美国和中国之间的贸易战一直是中国美国存托凭证的主要阻力
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.
很棒的文章，愿意分享一下吗？
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
亚马逊前锋PE 68，巴巴11。不确定是怎么回事。充其量是市场操纵。
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 !!
我想爸爸。昨天有很大的收益。为什么爸爸今天情绪低落？
应该是普通股票。这是爸爸。