I found this stock while screening, and looked deeper into it, its very interesting on both ends, the technicals but also the fundamentals look promising. The 17$ level is a big support levels dating back for years, we have seen very strong reversal start from this level in the past. I expect bulls to defend this level for the time coming. I encourage you to also...
CYOU looking bearish in the short to mid term. If we can get a clean break here, I think we will go even lower. One thing to be aware is that Chinese stocks have an expected annualized return rate of 28% (source: gurufocus, www.gurufocus.com) and so be cautious of an index rally. Short with a stop loss if this breaks above the broadening wedge.
Pullback after hitting Fibo's 261.8 from Mar-Apr retracement CYOU's bull flag target = Fibo's 423.6 ...Coincidence?