$YSG has been down only for its existence (i got fleeced badly in the first few post IPO months) fundamentals vs share price are converging toward a point of must-buy China and Chinese ADRs are always known to be massive risk - because many Chinese frauds are in the history book IF this turns out not to be a fraud, Rather it turns out to be the NIO Motors...
can consolidate between 18.50 and 21.00 for 10 sessions before making breakout positive corporate news, China news, or other major catalyst can force move instantly
I have just written an article about YSG at my Buymeacoffee blog . So if anyone is interested in the fundamental thesis about YSG, please go there. From a price action stand point, YSG is forming a very young U-shape (well it only got listen for less than 3 months), all the MAs are trending upward and it has recently been stabilising and getting its support at...
This recent IPO made a perfect Cup and Handle pattern and yesterday we got a clean breakout on increasing volume. How I'm going to play this : Simply buy and hold as long as price remains above the breakout zone with a hard stop below yesterdays low.