YRD is not a typical stock, more volatile than others with a small avg volume.
on 4H, all my indicators shows its going up, i bought a small amount at 26.7, will hold n sell it at NYSE opens.
*Trade with your own risk, thx in advance*
- Got chopped 3 days ago
+ prices retraced back towards the rising 5ema
+ Strong support over the past 3 days at $23.20
: Expecting 2 more waves of break-outs to bring prices to $37
This is a volatile one. After a standard 5 wave down, a 3 wave counter-trend rally is unfolding. There is still some room to play for the upside. A conservative strategy would be waiting for the 3 wave done and playing the C leg.
Will follow up later.
