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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.