Read latest news here
In China, it is not the company that rakes in the top revenue that call the shots! It is the CPC or Chinese government , haha!
We have seen the fate of Alibaba with its shares still heading south and a few other companies will follow suit as well.
So while the shares have fallen from a peak of 60 to current price (50% discount), I would like to let the dust settled (investigation) before deciding to accumulate.
I hope it does not slide further after 29.57 as the next support level and rebound from there. Then again, nobody knows the market so we just have to wait patiently for the outcome of the investigation.
In China, it is not the company that rakes in the top revenue that call the shots! It is the CPC or Chinese government , haha!
We have seen the fate of Alibaba with its shares still heading south and a few other companies will follow suit as well.
So while the shares have fallen from a peak of 60 to current price (50% discount), I would like to let the dust settled (investigation) before deciding to accumulate.
I hope it does not slide further after 29.57 as the next support level and rebound from there. Then again, nobody knows the market so we just have to wait patiently for the outcome of the investigation.
Nota
add some yesterdayNota
40.78 proves to be a strong resistance
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.