Top 5 China Companies To Own In Right Now

Top 5 China Companies To Own In Right Now: Bitauto Holdings Limited (BITA)

Bitauto Holdings Limited provides Internet content and marketing services for the automotive industry primarily in the People?s Republic of China. The company offers subscription services to new automobile dealers that enable them to list pricing and promotional information on its bitauto.com Website and partner Websites, and to interact with consumers through its virtual call center, as well as provides advertising service to dealers and automakers on its bitauto.com Website. It also offers listing services to used automobile dealers, which enable them to display used automobile inventory information through its ucar.cn Website and partner Websites; and advertising services to used automobile dealers and automakers with certified pre-owned automobile programs on its ucar.cn Website. In addition, the company provides digital marketing solutions, including Website creation and maintenance, online public relationship, online marketing campaigns, and advertising agent service s. Bitauto Holdings Limited was founded in 2000 and is headquartered in Beijing, the People?s Republic of China.

Advisors' Opinion:

• [By STOCKPICKR]

  A similar setup is shaping up in shares of mid-cap Chinese internet stock Bitauto Holdings (BITA). BITA is forming a double-top, a more common topping patten that looks just like it sounds. The double-top in BITA is formed by a pair of swing highs that peak at approximately the same resistance level ($95 in this case). The sell signal comes on a drop below the trough at $65 that separated those highs.

  If $65 gets violated, then look out below.

  Why all of the significance at $65? It's not magic. Whenever you're looking at any technical price pattern, it's critical to keep buyers and sellers in mind. Patterns like the double or triple-top are a good way to quickly de! scribe what's going on in a stock, but they're not the reason it's tradable -- instead, it all comes down to supply and demand for BITA's shares.

  That $65 level in Bitauto is the spot where there's previously been an excess of demand for shares; in other words, it's a price where buyers have been more eager to step in and buy shares at a lower price than sellers were to sell. That's what makes a breakdown below support so significant -- the move means that sellers are finally strong enough to absorb all of the excess demand at the at price level.

  Must Read: 7 Stocks Warren Buffett Is Selling in 2014

• [By MONEYMORNING.COM]

  At the time, I was convinced Bitauto Holdings Ltd. (NYSE ADR: BITA), which offers e-commerce and marketing services to China's auto market, offered savvy tech investors the chance for massive gains in relatively short order. Here's how I described Bitauto to Bill:

• [By MONEYMORNING.COM]

  The chart below demonstrates a 660% gain in Bitauto Holdings Limited (NYSE: BITA) over the last 13 months. As you can see for the circled areas, the majority of the upside moves corresponded to above-average volume, typically associated with institutional buying.

• [By MONEYMORNING.COM]

  But the biggest winner is Bitauto Holdings Ltd. (NYSE ADR: BITA), a leading e-commerce player focused on China's surging auto market.

  Radical Technology Profits Editor Michael Robinson told us about Bitauto in the February Private Briefing report "Detroit + Silicon Valley + Beijing = One Heck of a Profit Play."

source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-china-companies-to-own-in-right-now-4.html