- RSI, Slow STO, fast STO and CCI point and move up
- MACD, PMO trading in positive territory
- hold up 200 days MA for last 10 trading sessions
Following are some weekly chart characters:
- RSI, slow STO, fast STO and CCI start bottom up
- clear patterns on 50 weeks MA as supports
- the clearly trough to trough cycle around 19~20 weeks
In summary, both daily and weekly chart go positively, weekly chart's valley to valley cycle indicates the bottom is around corner, the buy entry is 48~49, the upside target 53, 56 until new high.
The next stock is netease (NTES) which is a momo player. It may not suit to everyone. For some momentum traders, it is worth to be watched or involved.
- daily chart in a down channel or bull flag
- RSI,STOs and CCI turn up
- price level support around 285 hold
In summary, the short term trader need watch the bull flag break to test gap fill around 302. the loner term investor should still wait for down gap fill around 262~265 to get in then ride up.
Note: my personal opinion is not for investment purpose, but for education and illustration purpose.
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