CBAT Multiple Bottom WedgeMultiple bottom combined with a wedging formation could setup a nice rip off break
−0.0945USD
−9.448MUSD
248.725MUSD
71.239M
About CBAK Energy Technology, Inc.
Sector
Industry
CEO
Yun Fei Li
Website
Headquarters
Dalian
Employees (FY)
1.063K
Founded
1999
ISIN
US14986C1027
CBAK Energy Technology, Inc. engages in the manufacture, commercialization, and distribution of lithium-ion rechargeable batteries. Its products are used for electronic vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply, and high-power applications. It operates through the CBAK and Hitrans segments. The CBAK segment mainly includes the manufacture, commercialization and distribution of a wide variety of standard and customized lithium-ion rechargeable batteries for use in a wide array of applications. The Hitrans segment covers the development and manufacturing of NCM precursor and cathode materials. The company was founded on October 4, 1999 and is headquartered in Dalian, China.
CBAT LongDowntrend Wedge breakout
Weekly Support line confirmation
Entry 1.35
Stop 0 -- no Stop, this is gamble
Target 4.6, 8.5
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1%
CBAT LongDemand Zone, not confirmed. Waiting for trendline break.
RSI Divergence
Entry 2.55
Stop 1.95
Target1 5
Target2 9.4
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test m
CBAT oversold! Price target and stop lossCBAK Energy Technology, Inc. (CBAT) oversold on the daily!
Based on support and resistance we have:
Price target: 4.70usd
Stop loss:0.93usd
Strong Buy Signal in CBAKAmidst today's closing, we were given a strong buy signal in CBAK Energy Technology. This signal is entirely based on the much sophisticated RSI strategies, that identify levels of max pain both in accumulations and distributions alike.
If you look at the charts, you can see the historical results
CBAT wave analysisWe have met our Macro wave one ending at our 5 minor wave 5 moving into correction wave 2 while creating a bullish abc wave pattern at the moment we are creating a sideways creation of a flat then a 5 wave correctional back down to the 0.5, 0.618 fib retracement and maybe a possible bullish truncati
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