Hey Guys, as you are probably aware, due to the Everglade scandal and everything with the Chinese market, lots of the stock dropped a lot, as VIPS.
On the chart, you can freely see that we already reached the strong bottom line, where we have already retested 3 times, in the last 3 days. Regarding the Indicator, RSI you can clearly see that we have enourmous divergence for the third time in 4 hour and Daily Chart! In my opinion, that means, soon we have to bounce back and go above 20$.
Keep an eye on the channel, if it breaks, one of the options is to make a consolidation before reversing the trade. The other option, we've already see it with VIPS couple days with 20% ,30% jump.
Thank you for your time reading my suggestion!
On the chart, you can freely see that we already reached the strong bottom line, where we have already retested 3 times, in the last 3 days. Regarding the Indicator, RSI you can clearly see that we have enourmous divergence for the third time in 4 hour and Daily Chart! In my opinion, that means, soon we have to bounce back and go above 20$.
Keep an eye on the channel, if it breaks, one of the options is to make a consolidation before reversing the trade. The other option, we've already see it with VIPS couple days with 20% ,30% jump.
Thank you for your time reading my suggestion!