You can see from the daily chart that these 3 stocks have broke out of its resistance level since May 2022 and have gotten the Chinese traders/investors going bonkers over them.
I will not rush in at this moment as it has gone up way too high and its financial stability of the companies remain questionable. At this juncture, the US is just starting the trend with Microsoft and Google competing head on. Let's be patient and let the dust settle a while more before deciding the next course of action.
If you have itchy fingers and must trade, please make sure :
1) you are using money you can afford to lose 100%
2) you have set stop loss for each trade
3) you only buy one of these 3 or other china ChatGPT stocks
I will not rush in at this moment as it has gone up way too high and its financial stability of the companies remain questionable. At this juncture, the US is just starting the trend with Microsoft and Google competing head on. Let's be patient and let the dust settle a while more before deciding the next course of action.
If you have itchy fingers and must trade, please make sure :
1) you are using money you can afford to lose 100%
2) you have set stop loss for each trade
3) you only buy one of these 3 or other china ChatGPT stocks
Comment:
barely 3 months and these stocks come tumbling down.........