VIOMI FOR CONTRA
Great pressure on Chinese stocks listed on the US. Their fundamentals are good and unless something extreme happens, they are a good opposite case...
Viomi Technology Co Ltd along with its subsidiaries provides Internet of Things (IoT) enabled smart home products through its platform. Products offered by the company include 21Face smart refrigerator, Viomi dishwasher, Eyebot smart range hood, VioV smart speaker, smart mirror, smart water purification systems, smart kitchen products and other smart products. It...
Contextual immersion trading strategy idea.
Viomi Technology Co., Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So...
Bullish Flag
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 8
250RSI above 50
200MA ascending, but barely
Target:
PT = 25.87$
1000 Followers! Thank you all!
Thank you to those who donate Coins!
Stay Humble, have fun, make money!
How high can VIOT go after $15.84?
Measurement theory: $15.84-$5 =$13.84 (roughly)
Price Target = $15.84+$13.84 = $29.68
ROUGHLY $30 is the target. (less than 6 months)
Shares of $VIOT SURGES higher due to the uptick in discussions about this stock has been surging on social media platforms like Reddit, Twitter, StockTwits, Facebook, and Discord. In a StockTwits post, Insider-Analysis.com pointed out that 7 institutions increased their positions in the stock while 3 decreased as of this past quarter.
There is also a bullish...
Viomi Technology Co., Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China.
