BABA - Alibaba 400 @ 177.40
JD - JD.com 292 @ 30.90
WMT - Walmart 1000 @ 119.45
Rationale:
BABA had been showing very positive growth over the week as Washington and Beijing
Seemed to have calmed the “trade war” and their were talks of eliminating the final tarriffs imposed by Trump . BABA has an earnings report coming up on November 1st that it is expected to easily beat. Resistance seems to be at around 178. The Yuan has shown a slight increase in value which should assist in the value of BABA and other Chinese assets as well.
JD usually works in sympathy with Chinese stocks and showed a great rally at the beginning of the week. Resistance point is at about 31.75.
WMT has shown a good growth pattern dating back to Approximately August 21,2019. Resistance point not detected. WMT should also grow with the lessening restrictions on China.
JD - JD.com 292 @ 30.90
WMT - Walmart 1000 @ 119.45
Rationale:
BABA had been showing very positive growth over the week as Washington and Beijing
Seemed to have calmed the “trade war” and their were talks of eliminating the final tarriffs imposed by Trump . BABA has an earnings report coming up on November 1st that it is expected to easily beat. Resistance seems to be at around 178. The Yuan has shown a slight increase in value which should assist in the value of BABA and other Chinese assets as well.
JD usually works in sympathy with Chinese stocks and showed a great rally at the beginning of the week. Resistance point is at about 31.75.
WMT has shown a good growth pattern dating back to Approximately August 21,2019. Resistance point not detected. WMT should also grow with the lessening restrictions on China.
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