$YSG has been down only for its existence (i got fleeced badly in the first few post IPO months)
fundamentals vs share price are converging toward a point of must-buy
China and Chinese ADRs are always known to be massive risk - because many Chinese frauds are in the history book
IF this turns out not to be a fraud, Rather it turns out to be the NIO Motors...
can consolidate between 18.50 and 21.00 for 10 sessions before making breakout
positive corporate news, China news, or other major catalyst can force move instantly
I have just written an article about YSG at my Buymeacoffee blog . So if anyone is interested in the fundamental thesis about YSG, please go there.
From a price action stand point, YSG is forming a very young U-shape (well it only got listen for less than 3 months), all the MAs are trending upward and it has recently been stabilising and getting its support at...
YSG have just started!
Last Friday break out of perfect cup and handle pattern with 15%+ gains.
we already took some profit last Friday, but we will set a stop buy order at $25. Trend is you friend!
This recent IPO made a perfect Cup and Handle pattern and yesterday we got a clean breakout on increasing volume.
How I'm going to play this :
Simply buy and hold as long as price remains above the breakout zone with a hard stop below yesterdays low.
We have a formed C&H pattern on the chart, which is in the stage of retesting the lid, everything is ready to start up. There is one growth target - $ 26.93 (+ 26.8%). After reaching the goal, I recommend taking profit and closing the position. Anyone who wishes can place a stop order at the price level of 18.20. The options board has a high IV = 150%, which...
YSG formed a cup with handle base with an early buy point yesterday when price broke the handle's trend line.
Actual entry can be made at $21.77 with a breakout of the handle.
Entry: $21.77
SL: $19.27
TP: $26.98
