The trend is up and we are facing a support which falls together with the 61.8 % retracement.
Another undervalued Chinese stock that may have strong upside potential based on the technical in the chart. For fundamentals it is rather undervalued based on current cash in hand and future earnings growth.
Found this friend off a simple ABCD pattern and a support bounce, already seen great returns up to 8-9%. Now at 3rd level of Fib Circle (.61), will see if it breaks the resistance. With resistance break, could see it go to the moon. Great fundamental company that is undervalued (according to its growth numbers). Set stop tight however due to a more-than-usual...
YRD has just confirmed it is in an uptrend according to the Ichimoku cloud. I will ride this trade till around $49 for a quick 10% or 13%. Keep a tight stop loss.
YRD bounced from older horizontal support, also from uptrendline and has FIB238-support, good chances to go up again
No advice given here. Purely a published educational review here. Publishing this so we can learn how RSI breakouts of the topside resistance line respond during an existing uptrend. This is something I have looked into in the past but would like to continue to review how equities respond to this kind of behavior. I will say that I generally look for "RSI...
Now let's see if it can keep the momo to ER. This one can pop and drop. Sold some 23/24 to 29.15. Have a runner
is trading in a higher range now. Look for PB within range as likely double top-mind the RSI
IF this puppy can break above that line it may have a chance for a new channel.
We saw triangle and limit downtrend for YRD. 20.9 support is crucial at this point and to see if YRD could hit 24.19 to gain its momentum, but for short-run, it's bearish trend
drawing. If that drawing is right maybe a pop to high $24's. #Art
This last year YRD had 209M in revenue, 193M in profit, and 43.8M in net income. They currently have $0 debt, 308.5M in assest with 190M of that in capital. They sit at only a 10.8 P/E ratio and 3.3 P/R. $YRD is currently at a 4 week low and in the middle of it's 52 week spread. It has recently trended downwards in close relation to American/Chinese trade...