major downtrend on chinadata group (CD) Has been following a major downward trend on 1 month time frame should hold this trend for a few more weeks but there is a high chance of breaking of the pattern causing upward trend hence forth a Market Reversal in the foreseeable...
$CD closed with a major breakout this morning, leading the way as the best performing mid cap stock on the Eve of the New Year, closing at $23.96 with an intraday gain of +18.03%. $CD traded back above its 20DMA on 4th November, after a short term decline of -17.51% upon its 30th September 2020 IPO high. Price action continues to hug the 20DMA over the course of...
IPO intraday trading strategy idea Chindata Group Holdings builds and operates hyper-scale data centers in China, Malaysia, and soon in India. The share price is rising and gonna continue this trend today. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price today. So I opened...