$DIDI
DIDI’s app remains online for its existing users in China but the suspension on new downloads and registrations could throttle its near-term growth. Therefore, the biggest challenges for DIDI personally I believe will be to bring its app back online, comply with China's new cybersecurity, data privacy, and labor regulations, and allay investors' fears about a potential delisting
And DIDI isn't the first Chinese company to face a suspension of its app.
Even as new registrations and downloads were suspended,
DIDI’s ride-haling orders in China still rose 13.1% in July over the previous month, according to the Ministry of Transport, outpacing the 10.7% growth for the entire market.
Those numbers indicate DIDI’s revenue -- and stock -- might surge once its app comes back online in China.
But, moving onto the technical side of things, with the little chart we have it’s forming a descending triangle on the daily here.
I’d keep this on your watchlist in case of a break to the upside or downside.
- Factor Four
And DIDI isn't the first Chinese company to face a suspension of its app.
Even as new registrations and downloads were suspended,
DIDI’s ride-haling orders in China still rose 13.1% in July over the previous month, according to the Ministry of Transport, outpacing the 10.7% growth for the entire market.
Those numbers indicate DIDI’s revenue -- and stock -- might surge once its app comes back online in China.
But, moving onto the technical side of things, with the little chart we have it’s forming a descending triangle on the daily here.
I’d keep this on your watchlist in case of a break to the upside or downside.
- Factor Four
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.