CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Chinese Stock Basket - 24/03/2022

Micro Analysis

24 March, 2022

For General Information only. Not Intended to Provide Trading or Investment Advice. Your Capital is at Risk.

Chinese Stock Basket Weekly Uptrend Opportunity based On 1.00 Lot Calculation:

Company

Ticker

Sectors

Earnings Date (Q4)

Time

Alibaba

#ALIBABA

E-Commerce

PASSED

Nio

#NIO

Electric Vehicle Manufacturer

March 24

Aftermarket

XPENG

#XPENG

Electric Vehicle Manufacturer

March 28

Premarket

Baidu

#BAIDU

Search Engine and Online Advertising

PASSED

Weibo

#WEIBO

Social Media and Online Advertising

PASSED

Source: Bloomberg

  • Central Government Promised to Support the Stock and Capital Markets in China. The Central Government will provide market-friendly policies and keep the capital market running smoothly, something that can come in the form stimulus.

  • Central Government to Support China Stocks That Trade on Foreign Stock Exchanges. China’s Vice Premier Liu He said that they are having positive talks with the US SEC, trying to overcome issues, reducing the risk of delisting.

  • Central Government Clarified That Will Soon End Regulation (Crackdown) of Big Tech Industry. Meanwhile, the Central Government said that all the efforts to regulate the Big Tech industry in China will soon be over, meaning that the uncertainties and risks related to it will be eliminated.

Company

Ticker

All- Time High

Price Recovery Needed To Meet Recent All Time High

Alibaba

#ALIBABA

$319.39

175.33%

Nio

#NIO

$66.85

203.86%

XPENG

#XPENG

$74.49

156.86%

Baidu

#BAIDU

$354.82

130.47%

Weibo

#WEIBO

$142.12

446.4%

Source: Bloomberg

STOCK PRICE REACTION: BASED ON STATISTICAL ANALYSIS (PAST 8 QUARTERS)1

Downside potential

Upside Potential

-19.53%

+30.44%

Potential Profit/Loss on 1 lot of every stock in the basket2

-$63,355

$98,747

-€57,704

€89,939

-£48,063

£74,913

-C$79,661

C$124,162

Data Source on Stock Returns and Volatility: Bloomberg

TARGET LEVELS: SUPPORT AND RESISTANCE

Company

Support

Current Price

Resistance

Alibaba

$93

$116

$151

Nio

$18

$22

$29

XPENG

$23

$29

$38

Baidu

$124

$154

$201

Weibo

$21

$26

$34

Note: Support and Resistance Levels have been calculated by using upside and downside potential figures.

Please note that past performance does not guarantee future performance.

1-Calculation Downside/Upside Potential: Average price reaction for all five stocks from 5 trading sessions prior to the earnings date release for the last 8 quarterly earnings releases.

2- Profit/Loss Calculation (**): Based on 1 lot (*) on each of the five stocks (5 lots). Range: based on the statistical analysis.

  • Alibaba, Nio, and Weibo.: 1.00 lot is equivalent to 1000 units. XPENG.: 1.00 lot is equivalent to 5000 units. Baidu.: 1.00 lot is equivalent to 100 units.

  • Calculations for exchange rate used as of 13:30 (GMT) 24/03/2022.

Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.

  • You may wish to consider closing your position in profit, even if it is lower than suggested one.

  • Trailing stop technique can protect the profit – Ask your Client Manager for more detail.

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