BitAuto is biggest Internet marketplace for cars in China. The company in growth phase. so it doesnt show net profit, but the growth of revenue is really good.
I think that it is good price to buy this asset now, because of price and little risk.
It is long-term venture investment, hope it show profit in a year.
- Remain Bullish and keep uptrend with no top patterns
- Face challenge @ 39.5 - 40.28 which have multiple resistances
---- Five waves
---- 0.5 of previous downward trend
---- previous horizontal resistance
---- over-buy indicators
- set stop @ 36.6
Holding and ready to reduce holdings
I make stock analyses before the opening, these levels i draw are strong support/resistance and are the most powerfull on the same day. So i use them the moment when the market opens.
You can see somethimes i use 2 - 3 levels because i dont know where the market will open.
when the market open i see witch levels are still valid if it gaps above or under my ...