UXIN is currently at the ideal buy point:
-Stock broke out of desc. triangle, has subsequently pulled back to downtrend resistance that has been turned to support, trendline was tested 4 times
-Support on top of downtrend is also the bottom of the right shoulder, right shoulder formation has been accompanied by increased volume
-Most recent trading day 6/19, stock reclaimed 5 day EMA, closing above it after rebounding off the downward trendline support
I'd feel confident buying it here against the trendline support of the desc. triangle. I like 1/2 position here and 1/2 position after clearing the 50 EMA.
-Stock broke out of desc. triangle, has subsequently pulled back to downtrend resistance that has been turned to support, trendline was tested 4 times
-Support on top of downtrend is also the bottom of the right shoulder, right shoulder formation has been accompanied by increased volume
-Most recent trading day 6/19, stock reclaimed 5 day EMA, closing above it after rebounding off the downward trendline support
I'd feel confident buying it here against the trendline support of the desc. triangle. I like 1/2 position here and 1/2 position after clearing the 50 EMA.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.