An interesting example from the Hong Kong Stock Exchange that exemplifies a long term uptrending stock under going a correction in the short and medium term.
Long term trend is still up as long as the supertrend line at 57.40 holds during pullback.
Wait for the test and rebound of 57.40 before considering entry.
Medium trend start 190818 and ended on 071220...
I am liking the health care stocks across the the markets due to the Corona Virus.
Here is a buy setup in Ping An Healthcare and Technology.
Looking good for a breakout, technical indictors are still bullish.
All moving averages are trending higher.