Trump’s US election victory has led to a significant impact on the financial markets with Bitcoin rallying to new all time highs, as well as Gold and Chinese stocks selling off. Trump has warned that he will place high tariffs on China, which is leading to a selloff for HSI and stocks like PDD and BABA. I think Trump is using this as a negotiation tactic to bargain with China so I view this as a discounted buy opportunity whenever Chinese stocks bottom out from this drop. I think there could be further decline and I have $17,722 as a key support level for HSI.

Sharp Selloff for BABA

BABA has experienced a rejection just under the $120.12 price target, and has formed a sharp selloff throughout the month of November. I have the yellow trendline as support to monitor around $73.

PDD Drops Under $100 Again

PDD has also formed a sharp selloff throughout the month of November, and is approaching the $90.33 support level where we previously bought. I would give PDD and Chinese stocks some time to bottom out, for now they are both trending down. For PDD I would monitor $90.33 to see if the support level holds.

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