The bears have now pushed Geely stock back below its March low. This confirms our primary scenario that the stock is in the final phase of the overarching gray wave II from the high of the magenta wave (B). This move should now be advanced to the green target zone between HK$7.80 and HK$4.12. With the low placed, the price should then move significantly higher.
Geely (175.HK) has great chance to rebound. It shows strong support at the resistance level of 16.5. The impact of Nancy Pelosi visit to Taiwan is expected to be short-lived in Hong Kong market. We expect the acquisition of Meizu, a popular mobile brand by the parent of Geely will contribute to Geely automobile business. Reiterate with BUY.
Based on my technical view, Geely Auto (GELFY) will continue bullish despite the current economic situation. Target: 100%
Geely Automobile Holdings Ltd 17 Long. Maybe this is the lowest possible price.
Geely 175 HK is reaching Lowest area since 2020 Jun. 2020 May to June, highest volumes are there, It is very strong support. Good luck
Current price that is trading below the moving average and below the ichimoku cloud is indicating a bearish continuation.
Buy with the right price action @18 with a stop loss below 16 with a price target at 28.
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If Geely Auto closes above 29.65HKD in the next week, the cup would be completed with Henkel and would have Short-Term to Medium-Term a price target of 38.45 / 44.80 / 49.30 / 57.90 HKD Over the long term (1-5 years), a price increase of up to 581.90HKD to 1493.90HKD would be possible. The Geely Holdings has a joint venture with Daimler DE Wenn Geely Auto...
The bounce from the recent low is rather fast, expect a slight pullback to form a cup and handle before breaking out to new high. I took off some positions at 27, hopefully can get it back around 25.
long on 2 entries 1) 23.50 and below 2) 21.57 and below uptrend on track confluence form strong support MA20 - 23.70 support line - 23.50 Short term uptrend line - 22.90
TICKER CODE: 175 Company Name: GEELY AUTO Industry: Hong Kong Stocks Consumer Durables Motor Vehicles Position Proposed: BUY (20.55-18.70) BUY ENTRY: READY (20.55-18.70) 1st Partial Take Profit: 39.00-40.00 (End 2021) 2nd Partial Take Profit: 50.00(Mid 2022) Stop Loss: 15.90 Technical Analysis 1. FALLING MEGAPHONE PATTERN (PARTIALLY COMPLETED ) 2. Break out...
Prices are approaching support in line with our ascending trend line, 61.8% retracement and 61.8% extension where we could see a bounce here.
Prices are facing bearish pressure from our resistance in line with our fibonacci confluence levels where we could see a further drop below this level. Ichimoku cloud are showing signs of bearish pressure as well.
Please spend a minute or two and join me to pray for the family of Mr Wang Long. Read his story here There are many compartments of our lives, depending on which stage we are in. We have Family Health & wellness Career Hobbies/Interests Spiritual Finance Community The above is just a rough guide and you can slice and dice the way you want to run your...