04 June 2022 Chinese Tech Shares have been beaten down badly since the kick start of the tech regulation. However, last week, couple of Chinese tech shares reported good earnings and with China border reopening may bring good news effect on it. RSI showing bullish divergence. Resistance: $0.90 Support: $0.64
A falling wedge pattern is forming. Volume is heavier at the bottom of the wedge which represents significant buying. While there is no way to tell how long will this falling wedge continue to form, but one thing is for sure, It will eventually head up! Average down WISELY! Emphasis on the word "wisely"!
Based on 1.392 support Fibonacci retracements. Volatilty is quite low
Justification: We had an awesome previous trade. Now that price is fallen back to support, lets have a second go. Rebound from Support