$TME looks to be coiling up and could potentially breakout running up to earnings.
Beware this is a Chinese companies and there's a chance any China US tensions might present a failed breakout.
MACD looking to cross positive and above the zero line
Average True Range coming down to a low of around 0.3 - which is also the same level for when the stock broke out on July 1st which can mean volatility is to be expected soon.
Look for a pullback to the 50 day MA for an entry and hopefully a breakout until then.
Consider taking profit at the green lines and we can hope for a breakout all the way to its monthly tread line of right under $19
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
Beware this is a Chinese companies and there's a chance any China US tensions might present a failed breakout.
MACD looking to cross positive and above the zero line
Average True Range coming down to a low of around 0.3 - which is also the same level for when the stock broke out on July 1st which can mean volatility is to be expected soon.
Look for a pullback to the 50 day MA for an entry and hopefully a breakout until then.
Consider taking profit at the green lines and we can hope for a breakout all the way to its monthly tread line of right under $19
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
Kommentera:
Out. :(