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Five Of The Best Chinese Stocks To Keep An Eye On

This year has been a stellar one for the Chinese stock market. After a year that saw the Shanghai Stock Exchange’s (SSE) blistering growth, western investors and analysts have been paying close attention to the equity markets in East Asia. 

That is an excellent time to be researching Chinese stocks, especially if you’re looking to add a long-term portfolio to your holdings. There are a lot of great names out there, and in this article, we’ll give you an overview of five of the best you can consider adding to your portfolio.

Stock Expedia Group, Inc. (NASDAQ:EXPE) 

Expedia Group
Source: Getty images

During the week, EXPE stock rose 6.5 percent to 191.55, retaking the 50-day moving average. According to MarketSmith, the stock of Expedia has a 204.08 cup-with-handle purchase point. Around 195, investors might take advantage of a downward-sloping trendline drawn from the base’s peak.

The price-to-earnings ratio for Expedia stock is well into the triple digits. Stocks with high P/E ratios have underperformed the market recently. On the other hand, Expedia is predicted to have a 364 percent increase in profits, making it an anomaly.

EXPE’s relative strength line is significantly below the highs of the consolidation, raising some doubts. These hotels see near-record demand for room service (RS). The S&P 500 index is shown in the graphs, and the blue lines represent its performance.

Stock Global Net Lease, inc. (NYSE:GNL) 

Global Net Lease
Source: Getty Images

After falling 3.2% last week, LNG stock bounced from its 21-day moving average and 10-week trend line. To begin a modest investment in Cheniere Energy’s stock or add a few more shares, investors may employ this second, or potentially third, 10-week line test. LNG stock may be creating a new foundation. Just below the highs, the RS line is in place.

Liquefied natural gas consumption is predicted to soar, particularly in Europe, and Cheniere Energy is expected to earn a tidy profit by 2022. Even if a Russian gas embargo isn’t on the table, the Russia-Ukraine situation generates more attention.

Stock Merck & Co.(NYSE:MRK) 

Merck & Co.
Source: Getty Images

A 0.9 percent drop in Merck’s stock price to 86.91 last week was a pause following a steady rise above the cup base. MRK stock now has a 91.50 purchase target, but a handle on a daily chart might give it an 89.58 entry point following Monday. 

Merck stock now has a handle on a weekly chart, but it’s so tiny that you can hardly see it. A more comprehensive, somewhat deeper grasp on Merck’s stock would be ideal for shaking off shaky investors. However, the RS line has already reached a 52-week high.

Stock Edwards Lifesciences (NYSE:EW)

Edwards Lifesciences
Source: Getty Images

Last week, the stock of Edwards Lifesciences fell 3.15 percent to 120.02. EW stock has a cup base with a daily chart buy point of 131.83. Therefore, it is possible to have a 125.21 official purchase point after Monday. 

There is already a weekly chart with that handle. Stock in EW has already hit an all-time high on the Relative Strength Index (RSI). As Covid fades, medical device and product producers should expect a rise in demand for their goods and services.

Stock Check Point Software’s (NASDAQ:CHKP)

Check Point Software's
Source: Getty Images

Last Monday, Check Point Software’s share price fell 4 cents to 142.78 after a few weeks of tight trade. When considered on a cup-and-handle basis, CHKP stock is in a consolidation mode. The buy point for a cup with a handle is 145.64. A trendline dipping down from the top in March would be ideal for a somewhat lower entry.

The current base is the culmination of a protracted consolidation process in early 2021. In the short term, Check Point’s profits growth is likely to remain flat or decline. However, the P-E ratio of CHKP is low. PANW, a fast-growing, high-P-E cybersecurity company, is also a wise investment.

The post Five Of The Best Chinese Stocks To Keep An Eye On appeared first on Best Stocks.

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