Critical support at 27 was defended on a good volume. last few weeks show signs of accumulation. 200EMA at 29 overhead should get test this week (tomorrow) and possibly 32. That would be big tell about the reversal. Upside should be huge. I would say atleast 45.
Failure of 28 again will be a disaster.
Basing above 60 VMA in a flag pattern. Breakout should propel this to 52 easily and potentially 200
Chinese names are front runners of the next bull cycle IMO.
One could buy here with the tight S/L or wait for break and retest.
Broke above neckline on strong volume on 31 May and has been consolidating for the past week. Expect furthe upside in the coming days with target of around 50.00 (trail stops up)
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important!...
This current setup indicates good value on decent fundamentals with a strong technical support line at 65USD.
Business Fundamentals
-Majority owned by Chinese Insurance Giant, Ping An Group
-Part of HangSang Tech index (30 selected tech firms)
-Dual-listed on HKSE & NYSE, interchangeable 1ADR to 4 HK listed shares (removes delisting fears)
-Stable &...
Hello fellow traders and investors, here's a trade idea on ticker: AAL
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Autohome Inc. has recently been selling off all the way back to the support area established in 2018. If it makes a recovery to the take profit area it offers a 83% ROI.
Technicals:
The RSI is oversold
The MA's are still in a...
ATHM is testing the resistance zone between around $89-$92 at the moment. If it closes below the lower resistance zone , it could be an good entry for a short swing-trade. Price target would be at the trendline .
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Buy opportunity: wait for a bullish reversal in the buy zone.
Trend analysis:
Monthly - side
Weekly - side
Daily - down
Long-term opportunity: buy
Short-term opportunity: -
EYEING A BREAK OF THIS DOUBLE INSIDE DAY FOR A CLUE ON DIRECTION
SCENARIO ONE IS BREAK DOWN BACK THROUGH THE BROADENING FORMATION
SCENARIO TWO IS BREAK UP TARGETING $100 ROLL
