ETrades1

$DAO price symmetry & 200 EMA support

Long
NYSE:DAO   Youdao, Inc
DAO appears to be ready for a resumption of uptrend after finding support on each test of 3 tests of the 200 EMA . The stock has carved out a very symmetrical Inverse H&S on top of the 200 EMA .

I understand the uptrend projection appears ambitious, I simply took the same angle as the downtrend and projected it to the upside. In both of the prior upward thrusts 20% returns occurred in 1-2 days. Let's see what happens.
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