China concept stocks have started to soar!!
Currently, Chinese concept stocks are experiencing a major rebound. Positive central policies, interest rate cuts in the USA, any more bad news???
Hot China concept stocks are on a general rise: $BILIBILI-W (09626.HK)$ Bilibili surged over 15%, $JD-SW (09618.HK)$ Surged over 14%, $PDD Holdings (PDD.US)$ Surged over 13%, $Futu Holdings Ltd (FUTU.US)$ rising more than 7%, $Alibaba (BABA.US)$Surged over 10% , $NIO-SW (09866.HK)$ Rising more than 10%. $BIDU-SW (09888.HK)$ rose over 9%.
Let's talk separately about the three stocks I am currently most focused on:
$Alibaba (BABA.US)$ The current valuation is still relatively low! Directly open high above 105 next Monday.
$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Continue the music, continue the dance, advance to 45! Will the USA server be overloaded tonight? Like unplugging the network cable?
$PDD Holdings (PDD.US)$ Pinduoduo is really amazing, climbing out of such a big pit in a month, and returning to the financial report level in a month! It's normal to be between 160-180 in three months, unless the next quarter's performance profit halves, otherwise it will continue to rise.
In conclusion, after experiencing an epic collapse, China concept stocks are highly likely to see a wave of valuation recovery during the Fed's interest rate cut cycle in the future. It is necessary to pay more attention to the leading stocks that rose against the trend before. The light boat has passed thousands of mountains, there is no reason to continue to be pessimistic about China concept stocks.
Bull market is coming![]()
Let's eat meat together, brothers.![]()
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