Traderherz-Analytics

Trading Idea - Qingling Motors

Long
HKEX:1122   QINGLING MOTORS CO
Buy - HIGH SPECULATIVE PENNYSTOCK!
Entry: 1.72 HKD
Target: 1.90 HKD
Stop: 1.65 HKD

1.) Strong resistance avead! Around 1.90 HKD

2.) Rejection at the 0.5 Fibonacci Retracement indicates a trend continuation

3.) if we break the resistance level, 2.15 HKD possible!

4.) If you trade this stock on european exchanges, take care of the spread!!!!

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