Fundamental:
I studied the company and I like the its past history and it meets my fundamental parameters. Past history does not guarantee future results.
It is a Chinese-based company.
Technical:
The volume clearly shows big players entering the stock of this company. Its time to surf the wave up!
The price chart consolidated sideways with volume...
Momo has a great rally after nice ER. The price has nearly completed an AB=CD. Enter a short position if the price fails to make new highs. Very good risk/reward ratios.
New Update. After good growth we have another point to entry or add on. I should fixed a half of the position, but it's special situation when my expirience tell my that this stock only just started to growth
I used this trade idea yesterday. You can see it in my russian version tradingview. Stock showed great sales growth over 500% in forth qoter. New historical high + resent IPO. Interesting thing that trade volume in earning realise day was over 70% from shares float. Strong signal to buy. And as wee can see it worked well
MOMO rolling over very nicely with very good divergence moneyflow. Its very volatile & seems to have the power of moving average behind it. Looking a very good short setup
Trade Criteria
Entry Target Criteria- Break of $16.87
Exit Target Criteria- $13.63 or lower
Stop Loss Criteria- $18.37
Option: $17.50 Apr puts @ $2.6
You can check detailed analysis on...
