CheelooTrader

ATHM - Another failed breakdown pattern

Long
BATS:ATHM   Autohome Inc.

  • Critical support at 27 was defended on a good volume. last few weeks show signs of accumulation. 200EMA at 29 overhead should get test this week (tomorrow) and possibly 32. That would be big tell about the reversal. Upside should be huge. I would say atleast 45.
  • Failure of 28 again will be a disaster.

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