20231H should be positive for China Tech but long-term outlook still unknown. Avg Price: $5.58
DAO 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...
$DAO good starter position. Volatile name but high growth winner
quite 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!*
I am in the trade. Will revise target based on momentum.
Earnings 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!!!