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JeffCheung

000858 starts to retrace. Wait for the chance to buy on dip!

Long
WULIANGYE YIBIN CO (SZSE:000858)  
JeffCheung  
SZSE:000858   WULIANGYE YIBIN CO
Trend Analysis
1
0
trendanalysis
000858
One of the hottest Chinese stocks at China SZSE, starts its retracing movement.
It's just broken down the 20MA in daily time-frame. If the key level of 258 is unable to hold, it may retrace further.
The best spot for buying on dip would be the daily 50MA which is also located the strong demand zone 241-245, as well as the mid term up-trend line extended from 19th Mar 2020 to 26 Oct 2020.

Stay tune for the update:)
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