[贱笑] Best Chinese Stocks To Buy Or Watch[财迷]
Bilibili provides an online entertainment platform targeting younger generations in China. In addition, the platform includes videos, live broadcasting, and mobile games.
The company is not yet profitable, and is projected to keep losing money through at least 2022. But sales growth has been strong, with Q1 revenue up 82%.
Bilibili stock nearly tripled from a late November breakout to the Feb. 11 peak of 157.66. Shares then corrected 46% to 84.40 on May 13, finding support just above the 200-day line.
In late June, BILI stock cleared an early entry. But shares have retreated. The best that can be said is that BILI stock is once again above its 50-day line.
Investors might use 129.34 as a new early entry.
BYD Co. is the biggest pure-play Chinese EV maker, making electric cars and buses, as well as many hybrids. It's also a major EV battery maker. Warren Buffett's $Berkshire Hathaway(BRK.B)$ is a longtime investor.
Most of all, BYD is profitable, in sharp contrast to Li Auto, Nio and Xpeng Motors.
BYD is listed in Hong Kong and trades over the counter in the U.S. So the BYDDF stock chart is prone to lots of little gap ups and downs.
BYD stock corrected nearly 52% from its January peak of 35.94 to its May 12 low of 17.41, though that's a smaller decline than Li Auto stock. Shares ran up to 31.30 in late June, but have pulled back again, but found support at its 50-day line on July 20.
Investors could view the current pullback as a handle, with a 31.40 buy point. But a short base within that larger consolidation would be preferable.
The Chinese mobile gaming giant has been listed in U.S. markets since 1999, and was among the original hot Chinese stocks early in the 21st century.
NetEase is profitable, with growth returning in the latest quarter.
NTES stock's current base is only 26% deep, finding support around its 200-day moving average several times in recent months. It's currently above its 50-day line.
In a better market, investors might see NetEase stock as just below a downward-sloping trend line, or eye 116.62 as an aggressive entry. But with growth stocks and especially Chinese names struggling, investors might wait for NTES stock to hit 120.94, just above a late May peak, as an early entry.
The official buy point for NetEase stock is 134.43.
Disclaimer: All facts and opinions presented are for educational purposes only. This is not a recommendation to buy or to sell. Please do your own due diligence. [财迷]
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