We can see that the downtrend line has just seen broken, so it's high time to open the long position. I am going to set the TP at 18.7, which is right below the resistance line.
Although BNR is looking bearish on the SMA and MACD indicators, we do see on the RSI that BNR is currently oversold...
The RSI alone is making me bullish on a quick 10-20% profit because the stock can retrace to an upper support level.
This is purely speculative however, as it is entire possible that BNR will continue to drop to a lower support level.
IPO intraday trading strategy idea
Burning Rock Biotech Limited focused on the application of next-generation sequencing (NGS) technology in the field of precision oncology.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the...
