Tech Giants Take on the Markets: Alibaba, Tencent, NetEase, and More

Tech Giants Take on the Markets: Alibaba, Tencent, NetEase, and More

Table of Contents:

1. Introduction
2. Alibaba (Baba) 2.1 Support and Resistance Levels 2.2 Potential Upside and Downside
3. Tencent (TEN) 3.1 Current Performance 3.2 Key Support and Resistance Levels
4. NetEase (NET) 4.1 Analysis of Support and Resistance 4.2 Potential Breakout or Breakdown
5. New Oriental Education (EDU) 5.1 Holding Patterns and Key Levels 5.2 Potential Growth Opportunities
6. JD.com (JD) 6.1 Cloud Support and Fibonnaci Levels 6.2 Resistance Levels to Break and Hold
7. Baidu (BIDU) 7.1 Cloud Support and Key Resistance 7.2 Potential Trend Reversal
8. Pinduoduo (PDD) 8.1 Analysis of Support and Resistance 8.2 Potential Outlook for PDD
9. KraneShares CSI China Internet ETF (KWEB) 9.1 Performance Analysis and Support Levels 9.2 Resistance Levels to Watch
10. CWEB 10.1 Recent Breakdown and Support Levels 10.2 Resistance Levels and Potential Reversal
11. iShares China Large-Cap ETF (FXI) 11.1 Weakness in FXI and Support Levels 11.2 Key Resistance Points

Alibaba (Baba)

Alibaba Group Holding Limited, also known as Baba, is a Chinese multinational conglomerate specializing in e-commerce, retail, internet, and technology. Let's take a closer look at its Current performance, support and resistance levels, and potential upside or downside.

Support and Resistance Levels

Last week, Alibaba bounced off its support level at 8930. However, it faced rejection from the cloud resistance, resulting in a pullback. This presents an opportunity for the stock to build support at 8930 and potentially test the support area at 7801. If the stock fails to find a bottom, the next potential support could be at 85.

Potential Upside and Downside

Alibaba currently faces significant resistance on its upward Journey. The first resistance to watch is at 96 dollars, followed by another resistance around 106 levels. Despite the support levels, there is still a considerable amount of resistance, indicating potential challenges for further upside. However, if the stock manages to break these resistance levels, it could see an increase towards 68 dollars.

Tencent (TEN)

Tencent Holdings Limited, commonly known as Tencent, is a Chinese multinational conglomerate that specializes in various internet-related services and products. Let's analyze Tencent's current performance and key support and resistance levels.

Current Performance

Tencent's stock has been on a downward trend, experiencing drops in value. The stock is approaching a critical point where it might break the support level at 37.92 and potentially drop further to 34, testing the psychological support at 30. This suggests a bearish outlook for Tencent in the upcoming weeks.

Key Support and Resistance Levels

For Tencent, the two resistance levels to watch are 39 dollars and 41 dollars. These levels might act as barriers to any significant upward movement. Additionally, the drop in performance has resulted in the stock being below the cloud and facing resistance.

Please note that the analysis and predictions provided are Based on current market trends and historical price Patterns, but they are not meant to be financial advice. It is essential to conduct thorough research and consult with a professional before making any investment decisions.

Highlights:

• Alibaba (Baba) faces significant resistance despite support levels
• Tencent (TEN) experiences a bearish outlook as it approaches critical support levels

FAQs:

Q: What is the support level for Tencent? A: The support level for Tencent is currently at 37.92, but it might potentially drop further to 34.

Q: What are the resistance levels for Alibaba? A: The first resistance for Alibaba is at 96 dollars, followed by another resistance around 106 levels.