{"id":24354,"date":"2023-01-17T09:48:14","date_gmt":"2023-01-17T09:48:14","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/is-chinese-tech-crackdown-over\/"},"modified":"2023-07-12T19:05:43","modified_gmt":"2023-07-12T19:05:43","slug":"is-chinese-tech-crackdown-over","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/es\/is-chinese-tech-crackdown-over\/","title":{"rendered":"Is Chinese Tech Crackdown Over?"},"content":{"rendered":"\n<p>Good morning Traders!<\/p>\n\n\n\n<p>Hopes that the <a href=\"https:\/\/www.reuters.com\/technology\/alibaba-stock-set-open-up-55-amid-hopes-regulatory-crackdown-is-ending-2023-07-10\/\">Chinese<\/a> government crackdown on its Tech industry are coming to an<br>end, has fuelled a rally in many of China\u2019s big tech.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Tencent<\/h2>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7916\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Tencent-D-1-scaled.jpg\" alt=\"\" class=\"wp-image-7916\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7915\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Tencent-M-scaled.jpg\" alt=\"\" class=\"wp-image-7915\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7921\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Tencent-W-1-scaled.jpg\" alt=\"\" class=\"wp-image-7921\"\/><\/figure>\n<\/figure>\n\n\n\n<p>Tencent share price, has almost doubled in value since the low made in October 2022<br>when it pierced the 200 mark.<\/p>\n\n\n\n<p>On the <a href=\"https:\/\/www.fxglobe.com\/the-incredible-impact-of-small-daily-profits-achieving-100-annual-returns-2\/\" data-type=\"post\" data-id=\"31291\">daily chart the market<\/a> is now in an uptrend, however, this new Daily uptrend, can<br>currently also be seen as a pullback in the context of the Monthly chart which is still in a<br>confirmed downtrend. On the Weekly chart, the market has broke the downtrend when it<br>traded passed the previous swing Lower High, but has yet to confirm an uptrend. I\u2019ll be<br>closely watching the level of 400, where as well as being a psychological round number<br>level, it also has proven to be a strong S\/R level with many touches in the past.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Alibaba<\/h2>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-2 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7926\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Alibaba-M-scaled.jpg\" alt=\"\" class=\"wp-image-7926\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7931\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Alibaba-W-scaled.jpg\" alt=\"\" class=\"wp-image-7931\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7933\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Alibaba-D-scaled.jpg\" alt=\"\" class=\"wp-image-7933\"\/><\/figure>\n<\/figure>\n\n\n\n<p>Alibaba has also risen sharply from the lows it made in October 2022 around the 58 mark,<br>and it\u2019s currently trading around the 118 mark.<\/p>\n\n\n\n<p>Here too, the Daily chart is in an uptrend, and the <a href=\"https:\/\/www.fxglobe.com\/gbpjpy-reversal\/\" data-type=\"post\" data-id=\"29833\">Monthly chart<\/a> in a downtrend. However<br>in this chart, if the level of 128 will be taken, then the Monthly chart will no longer be in a<br>confirm downtrend, with the 138 next in sight.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Baidu<\/h2>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-3 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7941\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Baidu-D-scaled.jpg\" alt=\"\" class=\"wp-image-7941\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7951\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Baidu-M-scaled.jpg\" alt=\"\" class=\"wp-image-7951\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"7946\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/Baidu-W-scaled.jpg\" alt=\"\" class=\"wp-image-7946\"\/><\/figure>\n<\/figure>\n\n\n\n<p>Baidu shares also experienced similar moves, raising from the lows of around 74 printed<br>in October 2022 to currently trading around 140.<\/p>\n\n\n\n<p>It\u2019s a similar scenario here as well, however, the Monthly swing Lower High which is also<br>the previously tested level of S\/R around the 160 mark, is further away from the current<br>price.<\/p>\n\n\n\n<p>Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning Traders! Hopes that the Chinese government crackdown on its Tech industry are coming to anend, has fuelled a rally in many of China\u2019s big tech. Tencent Tencent share price, has almost doubled in value since the low made in October 2022when it pierced the 200 mark. On the daily chart the market is [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Chinese Tech Crackdown: Update | %%sitetitle%%","_seopress_titles_desc":"Get the latest insights on the Chinese tech crackdown and its impact on traders. Find out if the crackdown is over and what it means for your investments.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-24354","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/posts\/24354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/comments?post=24354"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/posts\/24354\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/media?parent=24354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/categories?post=24354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/tags?post=24354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}