Based on Cup and Handle Pattern, if rebound beginning this month, will take till December to complete full rebound back to original position.
Has a renewed MoU with SenseTime and CHEC to develop an AI Park (shows that both parties are still interested in the project) and if project is successful, it will propel G3 to new heights (Global AI Market is estimated to be worth USD 266.92 billion by 2027 and is currently estimated to be valued at USD 27.23 billion).
Technically speaking, RSI is oversold and MACD seems to be making a U-Turn, suggesting a possibility of the uptrend beginning in the month of July. Due to selling pressure seemingly being still active, traders should trade the stock with caution, setting a suggested Stop Loss at 0.120, and a long term (until) December holding target of ~0.60.
Has a renewed MoU with SenseTime and CHEC to develop an AI Park (shows that both parties are still interested in the project) and if project is successful, it will propel G3 to new heights (Global AI Market is estimated to be worth USD 266.92 billion by 2027 and is currently estimated to be valued at USD 27.23 billion).
Technically speaking, RSI is oversold and MACD seems to be making a U-Turn, suggesting a possibility of the uptrend beginning in the month of July. Due to selling pressure seemingly being still active, traders should trade the stock with caution, setting a suggested Stop Loss at 0.120, and a long term (until) December holding target of ~0.60.
My trading plan: Resistance of 0.180, with cut loss maintained at 0.140