$XPENG-W(09868.HK$ The explosive rise of the Nickel price is going to dent the production of global EV makers. Except for China EVs makers who most likely still be able to get consistent supllies Still believe in China EVs market in the long run.
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$The Place Holdings Ltd(E27.SG$
No more banker inside, dont hold the bag.
No more banker inside, dont hold the bag.
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What Happened: Regulatory agencies of China along with the Securities Exchange Commission in the U.S. are negotiating a cooperative method for audit supervision, China Securities Regulatory Commission said in a statement Saturday.
The CSRC also expressed confidence that the parties will be able to find a cooperative path that meets each other's regulatory needs, jointly protect the legitimate rights and interests of global investors, and promote the healthy development of the capital markets of the two countries.
Why It's Important: The CSRC has in the past promised to cooperate with the U.S. over how it supervises the auditing of Chinese companies, which could avert potential delisting of these firms from American exchanges.
The recent statement on the dialogue between the regulators of both nations suggests there could be a resolution to the stalemate over how to keep tabs on the auditors of publicly traded China-based companies here in the U.S.
Chinese companies listed in the U.S. such as $Alibaba(BABA.US$ , $Tencent(TCEHY.US$ and $JD.com(JD.US$ were already under pressure due to a clampdown by local regulators. They were reprimanded in the past over antitrust issues and misuse of user data.
Earlier this month, reports suggested China is looking to make it mandatory for companies listed in the U.S. and Hong Kong, through the variable entity route, to make their ownership structures more transparent to facilitate regulatory reviews, especially in sectors that are off limits to foreign investment.
These adverse regulatory headlines have hurt even Chinese EV makers listed in the U.S., including $NIO Inc(NIO.US$ and $XPeng(XPEV.US$ .
Indications that Chinese and U.S. regulators are ready to bury the hatchet, therefore, should come as a relief to these companies.
The CSRC also expressed confidence that the parties will be able to find a cooperative path that meets each other's regulatory needs, jointly protect the legitimate rights and interests of global investors, and promote the healthy development of the capital markets of the two countries.
Why It's Important: The CSRC has in the past promised to cooperate with the U.S. over how it supervises the auditing of Chinese companies, which could avert potential delisting of these firms from American exchanges.
The recent statement on the dialogue between the regulators of both nations suggests there could be a resolution to the stalemate over how to keep tabs on the auditors of publicly traded China-based companies here in the U.S.
Chinese companies listed in the U.S. such as $Alibaba(BABA.US$ , $Tencent(TCEHY.US$ and $JD.com(JD.US$ were already under pressure due to a clampdown by local regulators. They were reprimanded in the past over antitrust issues and misuse of user data.
Earlier this month, reports suggested China is looking to make it mandatory for companies listed in the U.S. and Hong Kong, through the variable entity route, to make their ownership structures more transparent to facilitate regulatory reviews, especially in sectors that are off limits to foreign investment.
These adverse regulatory headlines have hurt even Chinese EV makers listed in the U.S., including $NIO Inc(NIO.US$ and $XPeng(XPEV.US$ .
Indications that Chinese and U.S. regulators are ready to bury the hatchet, therefore, should come as a relief to these companies.
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$Alibaba(BABA.US$ we closed back above 120 again. Another higher vol day with a wick at the bottom with small candle body. Bulls basically absorbed all those selling pressure.
I can't see anything but bullish price action on baba. Until it can show a high vol sell off with large candle will I switch my bias to bearish.
I did mention the 1st hour candle was important. It did hit selling climax with above average vol and it continued to dip lower bit by bit before Fomc. Until we hit around 118 which was the support for this rally which we saw a reversal there.
If we closed higher than 122, this will be the perfect shake out candle before the next rally. We will see this week as it is OpEx week and we will likely trade in a range until Friday. There is a huge amount of puts at the 120 strike. Which I believe will support the price above those levels.
Calls are only high at around 130 strike. Which means we have upside to 130 by Friday but not likely to go above that for this week.
Monitor closely this price targets and know what are your moves. If anything, yesterday was a good chance to average lower with a small risk as your cut Loss would be right below 117.
I sold ATM puts at strike 117 yesterday which was right below 120 put strike with high OI expiry this Friday. Let's see if I make a good 30% profit by this Friday off my puts if it stays above 118.
As always, trade safe & invest wise!
Do subscribe to my YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/c/investing101channel
I can't see anything but bullish price action on baba. Until it can show a high vol sell off with large candle will I switch my bias to bearish.
I did mention the 1st hour candle was important. It did hit selling climax with above average vol and it continued to dip lower bit by bit before Fomc. Until we hit around 118 which was the support for this rally which we saw a reversal there.
If we closed higher than 122, this will be the perfect shake out candle before the next rally. We will see this week as it is OpEx week and we will likely trade in a range until Friday. There is a huge amount of puts at the 120 strike. Which I believe will support the price above those levels.
Calls are only high at around 130 strike. Which means we have upside to 130 by Friday but not likely to go above that for this week.
Monitor closely this price targets and know what are your moves. If anything, yesterday was a good chance to average lower with a small risk as your cut Loss would be right below 117.
I sold ATM puts at strike 117 yesterday which was right below 120 put strike with high OI expiry this Friday. Let's see if I make a good 30% profit by this Friday off my puts if it stays above 118.
As always, trade safe & invest wise!
Do subscribe to my YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/c/investing101channel
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$HGH(5GZ.SG$ Wash the crops and don't panic.
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$HongkongLand USD(H78.SG$ May pull back a little later today and Monday as it is in over bought region. wait for the pull back b4 going in
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