Hi everyone and hope you’re having a nice day!
On 21/6/2022, our system had provided a few picks and the results are as below:
PDD (Buy) – withdrawn.
BILI (Buy) – Profit
DQ (Buy) – withdrawn.
Call for buy for PDD (Pinduoduo Inc.) which was withdrawn. It was the right direction but our system withdrew because the price open with a gap and hit our TP (Target Price) and continued its upwards trend before falling again towards the end of the market.
Pinduoduo Inc. operates a large e-commerce platfrom in People’s Republic of China. The stock price rose up by 9% today due to its positive first-quarter result. Total revenues increased by 7% and the average monthly users in the quarter rose by 4%.
Call for buy for BILI (Bilibili Inc.) which resulted in a profit. The stock hit our EP and continued its upwards trend. If you were following the stock, our system would have advised you to take profit @ 27.63. However, if you didn’t take profit last night, you will still be in the market and seeing a profit.
Bilibili Inc. provides online entertainment services for younger generations in the People’s Republic of China. The overall outlook for BILI stock is positive and it gathers many investors as it is an oversold and undervalued asset.
Call for buy for DQ (Daqo New Energy Corp.) which was withdrawn. Similarly with PDD, our system withdrew the stock because of the price gap and it also hit our TP @ $61.14 and continued its upwards trend to hit above $67. Again, the call made was in the right direction.
Daqo New Energy Corp. is another company in China that manufactures and sells polysilicon to photovoltaic product manufacturers. Currently, polysilicon selling prices remain higher than expected and DQ stock price is set to recovers from its lows.
The market outlook this week is quite positive with a lot of stocks opening with price gaps. Stay tuned for more of our stock picks!
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