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.
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.