GEELY AUTOMOBILE HOLDINGS LIMITEDTelah dikemas kini Step aside, Elon Musk, Geely is coming for your SapceX
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Despite all the big sums of money thrown into R&D, Geely Automotive with much cloud in this fiercely competitive industry fails to elevate its share price any higher than 15.50 since Nov 19.
Share price took a nosedive last year to its bad sales (actually the entire automotive industries) before settling at a support level of 12.46. It attempted to rebound quite strongly but when it almost hit 15.50 in mid Feb this year, it pulls back again.
Now, within the inner bullish trend line, it can attempt to visit the resistance once more at 15.50. If that fails, it could falters and slide down to the main bullish trend line (green) at around 13.00. And if that also fails, then it could revisit the support at 12.46 again.
I would be keeping this stock in my watch list and see how it performs this few months. No hurry to buy as I expect some M&A activities within the China automotive markets.
Despite all the big sums of money thrown into R&D, Geely Automotive with much cloud in this fiercely competitive industry fails to elevate its share price any higher than 15.50 since Nov 19.
Share price took a nosedive last year to its bad sales (actually the entire automotive industries) before settling at a support level of 12.46. It attempted to rebound quite strongly but when it almost hit 15.50 in mid Feb this year, it pulls back again.
Now, within the inner bullish trend line, it can attempt to visit the resistance once more at 15.50. If that fails, it could falters and slide down to the main bullish trend line (green) at around 13.00. And if that also fails, then it could revisit the support at 12.46 again.
I would be keeping this stock in my watch list and see how it performs this few months. No hurry to buy as I expect some M&A activities within the China automotive markets.
Nota
initiated a small position this morningNota
nice, up 8% today !Nota
it is up nearly 7% today. those who keen to get in wait for the pull back at 18.Nota
we have 6 straight days of bullish moves......a healthy correction is imminent so ensure your SL is not too near else you may close early and have to re-enter at a higher price.Nota
added moreNota
congrats to those who followed
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.