lukeadamwilliams

High Tight Flat in China Internet Nationwide

Long
NASDAQ:CIFS   None
Price rose 101% in 26 days, then pulled back and bounced off the 23.6 fib. No buy signal generated. A new trendline formed once price broke to new highs. A buy signal generated once price broke this new trendline along with a bullish cross on the 4hr CCI . Set stop to just below the 23.6 fib/50MA.
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.