a Chinese tech stock which broke out if's downtrend earlier this year. This area and slightly lower should be support. We're also at daily and weekly BB support and weekly 100ma support (not pictured).
RSI is hinting that the stock is very oversold and could see significant upside to 10 dollars or more.
Keep in mind this may also just be part of a correction in which case the red path is more likely. Either way I think a tradable bounce is coming.
See my china posts below - good luck!
RSI is hinting that the stock is very oversold and could see significant upside to 10 dollars or more.
Keep in mind this may also just be part of a correction in which case the red path is more likely. Either way I think a tradable bounce is coming.
See my china posts below - good luck!
Kommentera:
IQ up from support area -
