$TOUR is on it's way just like the chart said it would. I like how it's going a bit slower now. If it busts through the .5 the .618 should be a rather easy next target for another 20% gain.
Bullish Flag
Pros:
Descending volume during formation
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, but descending
ATR Ascending
R/R ratio above 6
250RSI above 50
200MA ascending
Target:
PT = 6.45$
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I really like the look of $TOUR. If it reattempts previous highs on the last 236 break that's 67% gain. A 618 retrace would get you 100%, and a previous support level a 150% gain!
Contextual immersion trading strategy idea.
Tuniu Corporation operates as an online leisure travel company.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $1,53;
stop-loss — $1,13.
Information about take-profits will be...
Drop down to its IPO price and bounce up a little. Be careful of the volatility of this stocks, it might delist from NASDAQ and go back to list on Chinese market which is now on a rising trend.
