This is a relatively new growth tech stock in China and have aggressively pursued the lower tier cities of China and now moving to to 1st tier city - Beijing and Shanghai to compete with Alibaba, JD.com, etc.
Awaiting for price action before entering.
Awaiting for price action before entering.
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congrats to those who long, it looks like it is moving up to close the gap.
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Look at the last candle, a nice hammer, a bullish signal that price is going up. I would be putting a buy position tonight.
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Praise Lord, we are in the money now and expect the gap (above) to be closed barring any unforeseen circumstances.
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we are about a dollar away from the gap closing up. 90% it should be closed and once it hit above 39.70 and closed above, we would add more.
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Praise Lord.
You can see that riding the trend up to close the gap itself can be scary with lots of ups and down. Some faint hearted traders would not like this kind of game and prefer the short term , intraday actions of in and out.
No right or wrong, to each his own. Now, we are seeing the price action hitting the resistance level at 39.70 and let's observe in the coming days, if it breaks above or heads south before deciding the next course of action.
You can see that riding the trend up to close the gap itself can be scary with lots of ups and down. Some faint hearted traders would not like this kind of game and prefer the short term , intraday actions of in and out.
No right or wrong, to each his own. Now, we are seeing the price action hitting the resistance level at 39.70 and let's observe in the coming days, if it breaks above or heads south before deciding the next course of action.
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Praise Lord.
I trust some of you had held onto this stock like us and you would have seen the nice bullish engulfing candle that pierce through 39.70 and currently closed above that at 40.89.
I am sure more bullish days are ahead of us. Congrats to those who followed.
I trust some of you had held onto this stock like us and you would have seen the nice bullish engulfing candle that pierce through 39.70 and currently closed above that at 40.89.
I am sure more bullish days are ahead of us. Congrats to those who followed.
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adding long next week, follow the train of thoughts as my latest comments on Iqiyi. Go read.
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www.scmp.com/tech/en...tailer-gome-covid-19
If you have not bought this counter, wait for it. Now it will face some resistance at current level. Goto smaller time frame to initiate your long
If you have not bought this counter, wait for it. Now it will face some resistance at current level. Goto smaller time frame to initiate your long
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Praise Lord. This has been a multi bagger for us and I hope it is for you too.
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Praise the Lord. Investment is about choosing the right kind of stock and hold it for a long time and so long as the business model remain intact, there is only correction which is a good accumulation point as evidenced in the chart above.
