China A50 at Support
$Fangdd Network (DUO.US)$ If 12k doesn't hold, Chinese stocks will keep dropping. So far, it looks like it'll probably will, causing more pain, and more investors will flee. DUO with no news is DEAD like I said. Chances to bounce to 0.80 now are 50/50....no serious buyers. China and its stocks are 💩💩💩💩💩.
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72786071 : Any suggestions on Duo. I have no choice but hold for the real estate market to chance course. I have read nothing negative about Fangdd even looked up the website. Could not do anything but look at pictures. I know i could get it in English but was in a rush. Any suggesting?? i have been buying more to dilute my cost basis but it has broken the resistance i was counting on so i do not know where bottom might be. I read someone suggested .38
not.
I have always believed that if you do not sell then you have not lost anything
Willy 5150 OP : I think DUO has great potential, but China not doing anything is keeping investors away from Chinese stocks. I read about the company, and this would take off if they start injecting money into their RE market because that's what investors are waiting for to load up on this. In the meantime, not doing so, their RE stocks are useless... They don't move significantly to attract enough people and reflect it on the chart. I also think that is going there to 0.38 - 0.40, but there's no guarantee that buyers are waiting there. As a matter of fact, if this goes to that level, and you don't see significant buying, then they'll going to do another RS screwing investors again. I was keeping a close eye on this, but I lost hope when it broke below 0.80. I did a quick analysis for you, and I'm thinking next week if this doesn't bounce, then reduce your position because it could be that they're planning to do another RS. Next week would be the 8th week declining, and it could make a lower low before bouncing or maybe not, I just haven't seen any bullish patterns at all. What could bring bullish momentum next week would be China announcing on Sunday really great news and not noise as always. I have always thought of China as a smart country, but lately, it has proven that they're
. Just my opinion.
103599451 : I think it is an intention to screw the stock price for buyback at lower price. The stock climbed too high out of Duo expectation and then they realised the stock value but couldn't match their buyback. Thus, purposely screw it up now for their own benefit. After the buy back, it will shoot higher and they unlikely to screw it again as they hold more stock.
Willy 5150 OP 103599451 : That would be really good, but also, I looked at PA the last 2 times they did the RS, and I might be wrong, but it's showing the same PA again looking like they're dragging it to RS territory. I agree with you on the part that they might be shaking people out. I still have this on my watchlist but not monitoring PA anymore. I can't park my money on hope, there's always something better with a lot more potential at the moment than this, but I will buy the moment I bullish momentum imo.