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Technical Analysis

SNP, PTR, SHI defy market, CEO, NTES lack support

SNP, PTR, SHI defy market, CEO, NTES lack support

February 21, 2014 (Chinavestor) Selected Chinese oil stocks have been resilient to the market lately. Sinopec (NYSE:SNP), Petrochina Co. (NYSE:PTR) and downstream Sinopec Shanghai Petrochemical (NYSE:SHI) rose the most among Chinese stocks on Thursday as well as on Wednesday. This is quite a feat given that those days, February 20 and February 19, were complete opposite of each other. The Dow Jones Industrial Average (INDEXDJX:.DJI) fell over 60 points on Wednesday but surged 100 points the next day. Weak stocks of these days included CNOOC Ltd. (NYSE:CEO) and Netease Inc. (NASDAQ:NTES) for they fell both days. SouFun Holdings (NYSE:SFUN), Sina Corp. (NASDAQ:SINA), Sohu.com Inc. (NASDAQ:SOHU), and Baidu Inc. (NASDAQ:BIDU) just followed market sentiment.

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Technical Analysis

China stocks lack direction except oil companies

China stocks lack direction except oil companies February 20, 2014 (Chinavestor) China's largest oil refiner, Sinopec (NYSE:SNP) jumped $6.49 on Wednesday, by far the most among Chinese ADRs. Petrochina Co. (NYSE:PTR) and Sinopec Shanghai Petrochem...
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Technical Analysis

Chinese stocks up in Asia February 14

Chinese stocks up in Asia February 14 February 14, 2014 (Chinavestor) Chinese stocks rose on the back of advancing US markets. The Dow Jones Industrial Average (INDEXDJX:.DJI) rose 63.7 points or 0.4% after a weak opening, lifting Chines...
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Technical Analysis

China stocks ride on American momentum

China stocks ride on American momentum February 12, 2014 (Chinavestor) The Dow Jones Industrial Average (INDEXDJX:.DJI) surged 193 points or 1.2% on Tuesday closing just below the 16,000 mark. All but one component of the 30 member index ...
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Technical Analysis

China stocks looking for direction February 6

China stocks looking for direction February 6 February 6, 2014 (Chinavestor) American indexes took a breather on Wednesday after some heavy sell-off earlier the week. The Dow Jones Industrial Average (INDEXDJX:.DJI) shed 5.01 points or -0.03% ye...
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