divergences + great news during this month -> potential comeback to 7-8
Hi Everybody #1177 shows good support at $6.18 Level since July, it aims for the BLUE LINES, and stop if close below the RED Line.
The wave theory suggests HKEX:1177 that the prolong flat correction will be prolonged at least for the midterm period
HKEX:1177 Current wave analysis suggests that the stock has already completed a regular flat and zig-zag action. Price action suggest that the stock is heading for further downside correction as rising wedge formation gave some hint that the stock is losing its steam on bullish momentum. Thursday bullish pin bar/hammer is considered failed as the bullish rally...
HKEX:1177 After our long entry on the head and shoulders of reversing, we are managing the position by gradually moving the stop profits below the last lows. Currently an upward triangle is forming within our trailing stop, which if it broke the resistance level would probably further give a bullish input and benefit the position value. Trading is an activity...
HKEX:1177 Here too we continue to move the stop loss in trailing stop mode, until we reach our primary objective, that is Break Even Point, equal to the entry point plus commissions. Remember that Risk Management and Position Sizing are the fundamental points to have a positive trading operation. Strategy alone is not enough.