KongWeePehOP迎接虎年:
yes and no. You just gotten spolied by Trump stimulus package when it hit 180. It is where the USD is super low, lots of cash flow. CNY doesn’t react a lot. Now there is not much stmulus package. Only Biden $1.2 trillion bill that are set for infrastructure. These kind of money will not move in to stock market as quick as those Trumps. Other factors FED has to deleavaging US economy, China is doing the same thing. That why the big drop from 180 to 54.
Sure Tesla and Apple didn’t get hit by Fed, but their portfolio is diffferent. Have to depend on PMI, CPI, exchange rate and commodiiy prices. Chelvon doesn’t get hit by Fed, oil rise, they rise.
In the end, I wanna say this stock is sensetive to cash flow and exchange rate. Even unrelated like gold can affect it’s movement.
迎接虎年 : Because the overall Chinese securities market is garbage
KongWeePehOP 迎接虎年: yes and no. You just gotten spolied by Trump stimulus package when it hit 180. It is where the USD is super low, lots of cash flow. CNY doesn’t react a lot. Now there is not much stmulus package. Only Biden $1.2 trillion bill that are set for infrastructure. These kind of money will not move in to stock market as quick as those Trumps. Other factors FED has to deleavaging US economy, China is doing the same thing. That why the big drop from 180 to 54.
Sure Tesla and Apple didn’t get hit by Fed, but their portfolio is diffferent. Have to depend on PMI, CPI, exchange rate and commodiiy prices. Chelvon doesn’t get hit by Fed, oil rise, they rise.
In the end, I wanna say this stock is sensetive to cash flow and exchange rate. Even unrelated like gold can affect it’s movement.
SANDRO 善子 : Agree with Kong's Analysis
Dynamic wildcat KongWeePehOP: