Hello Traders,
Netdragon made a high at HK$ @ 25.50 on April 19 and is correcting the tremendous move from HK$ 11.30 on January 4th!
The correction is showing „overlapping“ waves and failed to retrace a 0.382 Fibonacci of the advance, which is the minimum level for a correction to my view, if the advance was done at 24.50.
This overlapping structure is to my view...
Hello Traders,
Netdragon has made a high @ 24.50 on April 18,2019 and is correcting since in a „three-down“ so far. This is to my view wave „a/w“ of a flat correction, that can take the stock into a range at first to 19.45. This is the .382 fibonacci of the advance from 11.30-24.50! More bearish potencial exist.
It is a challenge to count this stock, cause of the...
Hello Traders,
Netdragon is showing weakness. After a long bull-ride, that started at January we have 4 red candle`s at the daily chart and the first red candle on a weekly basisi this yeat. A rare case for this stock.
Observe at chart, that the move to the new high (@ 24.50) was accompanied by declining volume, whichis typicall for a wave „5“ or „c“ of any...
Hello Traders,
something new to report for all Netdragon Investors, the Hong Kong based chipmaker, has possible made a high of his advance wich is running into the twelvth week.
After todays open and intraday high 20.70 , the stock reversalt strong and slose the day at 18.86.
Second, it create a „bearish-engulfing“ pattern how it often occurs at a change of...
Hello Traders,
only one way for Netdragon, the Hong Kong based chipmaker. UP!!!
Since the start of 2019 the stock is rising in a clear uptrend and the next target is around the 19.08$, a peak high as of August 30,2018.
Using indicators as CCI and Full Stoch, both show overbought conditions since the start of the advance. But for now the stock is not willing to...
Hello Traders,
Netdragon has risen as of the last analyse to 18.32 HK$ and reversed at this level sharp. It creates on a daily basis a „bearish-engulfing" which is a reversal-pattern, that often occurs after a long (up)trend and can be signal the start of a correction. Note that this reversal pattern occurs at a resistance zone, marked with the rectangle at...
Hello Traders,
Netdragon, a Hong Kong listed stock, has risen to a weekly high at HK$ 16.78 intraweek and closed the week at HK$16.52! The move since the low at HK$11.80 (closing basis) is a clear uptrend (higher highs, higher lows) and as long as the low @ 16.52 is valid the focus is to the upside.
At chart you will observe the colored rectangle, which show you...
Hello Traders,
let`s have a look to the Stock of Netdragon, a Hong Kong listed Company.
They went public in 2007 and the highest price to history was at HKD19.-!
After that high the stock declined sharply to HKD .92 in Nov. 08 near the high of the real estate crash.
After that massiv drop, the stock start a clear five-up that topped in May 2015 at HKD 42.04. The...
