Applying Sinewave theory and an inverted fractal from the last crash (10k to 5.7k) I'm expecting something similar to what you can see in the chart below. Fractals never play out exactly the same but I'm still pretty confident that the price behavior will be similar. The parabola on the bottom was placed there 2-3 weeks ago (check my last post) and the pump...
CO is currently well oversold and resting on a previous price structure zone while being over extended below the short and long term MAs. A bounce to return to the mean here would allow for targets of 9-15% gain based on previous price structure zones.
We have another nice channel here. Since dec 2016 this thing runs and runs and runs...
I will wait for the correction to happen, and then take a nice swing to the top.
So for now, put it on your watchlist. Or not. Since I will update it anyways =)
Good luck and good trades!
Global Cord Blood Corporation, formerly China Cord Blood Corporation, is a provider of cord blood banking services in China. The Company and its subsidiaries are principally engaged in the provision of umbilical cord blood storage and ancillary services in the People's Republic of China. It provides cord blood testing, processing and storage services under the direction of subscribers for a cord blood processing fee and a storage fee. It also tests, processes and stores donated cord blood, and provides matching services to the public for a fee. The Company provides cord blood processing and storage services for expectant parents interested in capturing the opportunities made available by evolving medical treatments and technologies, such as cord blood transplants. It also preserves cord blood units donated by the public; provides matching services on such donated units, and delivers matching units to patients in need of transplants.
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