ENTRY: 13.68
SL: 15.16
TP: 11.18
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI +ve
- Moving averages are aligned.
- Stoch RSI near 70 and dipping down.
- Entry based on today breakdown from range and >3% rebound off 10EMA with volume.
- Need to watch out for earning results which is approaching
This is an analysis for a client.
Price holding above moving average
Stochastic is testing support where price bounced in the past.
With price holding above ascending trendline support, we can expect a push up.
Please do your own due diligence.
Losses can happen so please understand your risks and investment objectives first.
This analysis is for a client
Counter looks good for going long, in line with long term monthly trend as well.
Please do your own due diligence.
Losses can happen so please understand your risks and investment objectives first.
AAC Technologies Holdings Inc (2018 - HK) is in 2nd wave correction of C wave (or 3rd wave) down. The 5th internal wave of C wave will rise then it will start moving down. In weekly time frame it dropped in five wave impulse A wave and corrected in B wave. Now dropping in C wave, in which 3rd wave down is in progress, which should be very sharp down and big fall....
AAC Tech is expected to drop to 1st support at 45.60 where it could potentially react off and up to 1st resistance at 49.75.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AAC Tech ( HKEX:2018 ) is still seeking its bottom.
Trend: down.
There were two gaps. Caution:
First gap down: 01-02 August 2019 (Price: $42.00 - $40.50)
Second gap down: 23-26 August 2019 (Price: $36.30 - $35.25)
Chinese smartphone component manufacturers all started breaking down on Friday as if there were some major news in the works. Well...Google announced on Sunday it is revoking Huawei's Android license... Given sales to Huawei and Chinese smartphone manufacturers are a key source earnings and growth, this news should have a major impact on the price action.
In...
![2018: AAC Tech (2018 HK) [1-3 weeks view]](https://s3.tradingview.com/t/T0fd7KkZ_mid.png "AAC Tech (2018 HK) [1-3 weeks view]")
![2018: AAC Tech [1-3 weeks view]](https://s3.tradingview.com/v/VI8maEtY_mid.png "AAC Tech [1-3 weeks view]")
