𝗦𝗵𝗮𝗻𝗴𝗵𝗮𝗶 𝗨𝗻𝗰𝗹𝗲'𝘀 𝗕𝗼𝗹𝗱 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗼𝗻𝘀 𝗦𝗵𝗮𝗸𝗲 𝘁𝗵𝗲 𝗖𝗵𝗶𝗻𝗲𝘀𝗲 𝗦𝘁𝗼𝗰𝗸 𝗠𝗮𝗿𝗸𝗲𝘁..

The latest sensation in the Chinese stock market isn't Buffett, but a retail investor known as “Shanghai Uncle.” His rise to fame came after a bold prediction about CITIC Securities, forecasting that its stock would hit three consecutive daily limits between July 22 and 25, surging to 700 yuan.

At that point, the stock traded below 19 yuan, implying an astonishing 35x increase. While many dismissed his claim as overly ambitious, the stock did see a sharp rise on July 22, instantly bringing him into the spotlight. Shanghai Uncle then went further, predicting that CITIC Securities would outshine Kweichow Moutai and become the highest-valued A-share company.

Months earlier, he shared another bullish forecast, stating that the stock market would reach 14,600 points by 2026. In June, he called for a major market rally by mid-September, referring to this wave as "Love in Late Autumn," and set his year-end target at 4,165 points.

His predictions gained more attention in late September as the market rallied, with CITIC Securities hitting consecutive daily limits. On October 8, the Shanghai Composite Index surged over 10%, nearly validating his forecast of “thousands of stocks reaching daily limits.” However, the market reversed sharply, with a 7% drop the next day, contradicting his expectations of continued growth.

Despite the sudden correction, Shanghai Uncle remains upbeat, encouraging investors not to lose hope. He assures that temporary setbacks are only paving the way for greater future profits, maintaining his belief in long-term market growth. His optimistic outlook, even in volatile moments, continues to attract attention and drive discussion in the financial community.

#ChinaCrypto #chinesestocks #chineseinvestors #BNBChainMemecoins #StockMarketSuccess

#ChartoftheDay Thanks to aggressive stimulus measures announced before the Golden Week break for China’s National Day celebration, China’s stock markets saw their steepest rally in over two years. The Shanghai Composite (#SSE Index) gained over 20% over five sessions. The Hang Seng Index, a market-cap-weighted stock market index in Hong Kong, also posted gains of similar magnitude during the period.
On October 8th, the first trading day back from the Golden Week, China’s stock markets returned with a bang and scaled to more than two-year highs. The same day, China’s top economic planner, the National Development and Reform Commission (NDRC), unveiled a wide-ranging action plan to support economic growth.
However, by midday today, #chinesestocks tumbled, with a more than 5% reversal so far. While views across the market on whether Chinese stocks can sustain the rally are varied, many believe whether the Chinese government can detail sufficiently big or new measures to inspire confidence will be the key.
#ChinaDrama #StockMarketSuccess