Is Chinese stocks on the bull?
$NIO Inc (NIO.US)$ $Alibaba (BABA.US)$ $JD.com (JD.US)$ $PDD Holdings (PDD.US)$ $Bilibili (BILI.US)$ I don't know but few things might suggest so.
No one is dumping heavily on Chinese stocks the last few days of red. We don't see the mass selloff we see 2 weeks ago. Could meant a new support line is forming.
This week a series of key earnings from Alibaba, Pinduoduo, Baidu, Iqiyi etc etc that does particularly well during lockdown at least for first quarter could be pushing the stocks past Resistance line this memorial.
Second push might be Next weekend. China government is known to give good news on long weekend holiday eves. They purposely position Shanghai lifting of lockdown on 1st of June to coincide with Duan Wu long weekend.
Last few weeks we can see from SSE and HSSE they always seems to react very favourably when news of loosening lockdown.
I am just giving my 2 cents of thoughts. Maybe as usual I'm wrong. But I'm pretty optimistic as a long investor.
No one is dumping heavily on Chinese stocks the last few days of red. We don't see the mass selloff we see 2 weeks ago. Could meant a new support line is forming.
This week a series of key earnings from Alibaba, Pinduoduo, Baidu, Iqiyi etc etc that does particularly well during lockdown at least for first quarter could be pushing the stocks past Resistance line this memorial.
Second push might be Next weekend. China government is known to give good news on long weekend holiday eves. They purposely position Shanghai lifting of lockdown on 1st of June to coincide with Duan Wu long weekend.
Last few weeks we can see from SSE and HSSE they always seems to react very favourably when news of loosening lockdown.
I am just giving my 2 cents of thoughts. Maybe as usual I'm wrong. But I'm pretty optimistic as a long investor.
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styleomileo : The biggest threat is the long term decoupling of US and Chinese economy, starting with all things related to Tech. It does not augur well, no matter how it is spun unless there is a "Kissinger" person in Biden's cabinet to bring about a change in the relations trajectory. Next up, US may sanction Chinese entities for doing business with Russia. I am not positive on buying on chinese stocks listed in the US.
Joejj OP styleomileo : Well these risk are 3 years far. Risk brings reward. Its up to anyone if they want to invest or not.
MonkeyGee : chinese stocks are garbage. self inflicted injury, ads will all be delisted starting with DIDI
Joejj OP MonkeyGee : Good luck
Don't invest in Chinese stocks for you. Everyone here is for the money you think people cares about your twarted political view?
Joejj OP MonkeyGee : You are right its self inflicted. That is why their price is suppressed and there is huge potential for growth.
MonkeyGee : still wait for the Chinese stock to go up. wouldn't it move by now?
Lithanjah : Good to remain optimistic!
quantitative gambler styleomileo : each time I see some pseudo pro like you comment on world situation or politics I cringe so hard. You know nothing about tech and the politics game , gtfo
102968938 : Do remember that many Chinese stocks listed in US DoNot derives profit from US market at all
The stock fundamentals are solid
With growing middle class n stock traders in China, delisting from US is not a big issue
Joejj OP 102968938 : yes absolutely