In downward trend, Higher lows and Lower lows. It will bounce off to test the trend line and fill the gap at 8.57. If it breaks above the trend line, it will be trend reversal and will try to test 10.5 levels.
So this is TIGR!
It is in a long downtrend and makes a lot of gaps down.
As you see on the chart, most gaps get filled within a few days, the last one took 9 days to fill the gap completely.
We are at day 7 now. Ideally we see a double bottom at 6.44 before going up to fill the gap. On earlier days (2019/2020 before the big run) 5.34 used to be a heavy...
Hi,
I think that it will move down slightly.
Then will cover the first gap and will climb to the second one in long term.
Buy area 6.2-6.5$.
But, the decision is up to you, as always.
AG
Previously, TIGR did a massive 1-2-3-4-5 wave, followed by a A-B-C correction to Fib levels. Then, a inverse H&S pattern followed by a double top caused the stock to rise and then crash to 12. This needs to get above the 200 d EMA at 16.7 to trigger a bullish reaction. Maybe after earnings?
Support on $13 seems to hold for now, today a lot a volume came in the first hour pushing up the price, then the price had their retracement so on daily isn't the most bullish candle but because of volume im looking for a trade with a risk 4/1.
The target could be $22 looking for fib 0.618 of the last down movement.
On the fundamental side i read something about...
TIGR just reported solid earnings a week ago.
It popped on solid earnings, but sold off the upcoming days due to ongoing 'Chinese regulation' and 'Evergrande' collapsing fears.
We are currently trading at 12.90$ and sitting right on support(66% down from ATH) and only at forward P/E of 20, which is pretty cheap for hyper growth stock.
And it looks like we...
that the bottom is in for this baby
well we need to see if this turns into a cup and handle
we need to wait
but looks like low risk prob....trade
follow
Is TIGR going to start a new motive wave to make a new ATH? Of course possible.
General trend of TIGR is UP . TIGR has completed waves 1,2, 3 and possibly just 4 of a large cycle Elliott wave and is starting a new up going wave to make a new ATH to complete wave 5 of this Elliott cycle. Price currently has retraced back 0.786 of its last rally from 4.3 to 38.5...
Support and Ressistance:
TIGR have made test of strong support line at $12-13.
However didn't break it and going up to the ressistance line at $18-19.
It seems new upcoming trend appeared and new potential are oppening for $29-30 until the end of November begging of December.
MACD:
Indicators below zero line during July - August.
It showing undersell status and...
Pupm&Dump trading strategy idea.
$TIGR is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $13,99;
stop-loss — $14,32;
take-profit — $13,32/MOC
Do not view this idea as a recommendation for trading or investing. It is...
Tiger brokerage is a up & coming brokerage firm. They seem to be pretty aggressive in their acquisition recently.
The run at the beginning of this year has definitely fueled lots of buying interest. However, price is now back at a strong support of $14-15.50 range.
The question is will it hold? The recent clamped down by the Chinese government mounts unnecessary...
beautiful bounce off support for TIGR! now breaking its tight downtrend channel, similar breakout to the one in may where we had the 2nd bounce off support. long 18.5 (stop loss 16, price target 22-24) dont forget to like and follow for more :)
