MOTR Capital Management & Research, Inc.
October 07, 2024
MOTR Capital Management provides actionable, unbiased and systematic research based on the most important market trends.

Weekly MOTR Chart Pack: China

China still has a bit of work to do before it officially qualifies as leadership but given its history of powerful bursts onto the leadership scene, only to later fail, it is better to take a look now for new positions rather than later, once it is a clear winner. 

This Week's MOTR Chart Pack features a number of “off the radar” Chinese ADRs, most of which are still in long-term bases, but are now trending on the weekly (ST) chart. None, as of yet, have a top quintile Momentum Score. The more well-known ADRs, such as BABA, TCEHY, TME, JD, and others, have achieved an extreme upside deviation from their moving averages, so a pause there is expected. While they are not featured here, we would be buyers of a pullback to supports there as well.

EHang Holdings Ltd (EH), one of the stocks featured in the Chart Pack, openned up +10% this morning and has since climbed another +10% at the time of writing. In order to get the Chart Packs before the market opens every Monday, start your 1-month free trial ( here )!

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