Weekly Calls on Chinese ADRs -- Jan 16- Jan 19

Because of the dramatic decline of Chinese stock market last Friday as well as the biggest weekly drop in many big-time Asia stocks, I decided to use a separate post for this week trading calls on some Chinese ADRs. I expect to post the weekly calls for the rest of the stocks on my list some time tomorrow.

I will closely monitor the Chinese market in the early part of next week to see if the steep decline on last Friday gets any follow through. Most of the Chinese ADRs on my list have been on a bullish run lately with tremendous gains, the question here is if I should buy on the weakness?

1. ASIA: L2 on pullback (500 share, $0.3 stop), entry zone 1=8-8.21, stop just below 8; Entry zone 2=7.51-7.81, stop just below 7.35. MA50=6.5.

2. BIDU: L2 on pullback (75/150 share, $2/1.2 stop) when it spikes down towards key support levels around 119.5, 116, and MA50=112.4. May also consider short on top (50/100 share, $2/1.5 stop) if it spikes towards 130/134. It closes right at the support zone from 124-125.

3. CHINA: L3 on pullback (500 share, $0.2 stop) if it spikes towards 9.25, with stop just below 9.2, IT=10, RSK/RWD around 1:3. MA50=8.5

4. CTRP: L2 on pullback (100/200 share, $1/0.6 stop), entry zone 1=61.6-62, stop just below 61.3; entry zone2=59-60.1, IDS just below 59, CS just below MA50=59.2.

5. FMCN: L2 on pullback (100 share, $1 stop), entry zone1= just above 71, stop just below 70, entry zone 2=67.5-68.5, use MA50=67.2 as stop reference.

6. KONG: speculative L3 (300 share, $0.3 stop), entry zone 7.71-8.01, stop just below 6.68, IT around MA200=8.9.

7. LFC: SW-S3 on top (100 share, $0.8 stop, hold at least 1 week and use weekly chart for exit decision) if it spikes towards 50/54 with a stop just above 50.8/54.1, IT=MA50=41.5. Volumes spiked in the past 3 weeks, and the candle formation indicates the possibility that the long up trend is coming to the end.

8. LTON: SW-L1 on bottom (600 share, $0.5 stop, prepare for multi-week hold), entry zone 1=4-4.51, stop just below 3.98; entry zone 2=3.5-4, stop just below 3.5.

9. NCTY: L1 on pullback (200 share, $1 stop) if it spikes towards 30.5, MA50=28.8.

10. NTES: L2 on pullback (200 share, $0.5 stop) if it spikes towards MA200=18.1 use MA50=17.9 as stop references, IT=19.7.

11. SINA: L1 on pullback (200 share, $0.6 stop) if it spikes towards 31.5. The stock has been skyrocketing, something is definitely up!.

12. SNDA: L2 on pullback (200 share, 0.7 stop) if it spikes towards 20.25, stop around 19.6, MA50=19.2.

13. SOHU: L2 on pullback (200 share, $0.1 stop) if it spikes towards 25.5, use MA50=24.5 as stop references.

14. STP: L2 on pullback (100 share, $1 stop), entry zone 31.5 to 32.5, use MA50=31.2 as stop references. Also, consider speculative SW-S3 on top (100 share, $1 stop) around 37, stop just above 38, IT=33.