Resistance around $7 20231H should be positive for China Tech but long-term outlook still unknown.
Avg Price: $5.58
DAO trade ideas
$DAO price symmetry & 200 EMA supportDAO appears to be ready for a resumption of uptrend after finding support on each test of 3 tests of the 200 EMA. The stock has carved out a very symmetrical Inverse H&S on top of the 200 EMA.
I understand the uptrend projection appears ambitious, I simply took the same angle as the downtrend and projected it to the upside. In both of the prior upward thrusts 20% returns occurred in 1-2 days. Let's see what happens.
DAO holding 50 MA Support..Great place to start a position$DAO good starter position. Volatile name but high growth winner
$DAO: SMeeLLin MONEYYYquite a solid and interesting technical rebound play, also analyst giving 50% upside for 1 yr target price $$$
*Disclaimer: This is just my view on the investment. It is not a recommendation for a buy or sell. and most importantly, I could be wrong!*
Long DAO - Earnings May 19Earnings close of trade tomorrow. Expecting rally to 30+$.
This is just my opinion and not investment advice. Please perform your own due diligence before any/all trades. Good Luck!!!
