WIMI - "Bowlish" C&H Setup

NASDAQ:WIMI   WiMi Hologram Cloud Inc
Quite a C&H setup here. Price action printed a shooting star on the daily chart today. Wait for it to pull back to the 20 EMA ($9.50 'ish) before considering opening a position. That's one heck of of a base its formed. Will be interesting to see what happens to this puppy over the next few weeks.
Comment: 2/17/21 - Looks like it's going to close the day with a gravestone doji. Yaaa-hooooo.
Comment: One of many C&H patterns that failed recently. Cut your losses on this one, it's off my watch list.

**Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.**

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.