$GSX can fall in the next days
Diupdate
Contextual immersion trading strategy idea.
The demand for shares of GSX Techedu Inc. looks lower than the supply.
The company provides online K-12 after-school tutoring services in the People's Republic of China.
The price fell after Citron had published report on APR 14.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $29,82;
stop-loss — $30,37.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
The demand for shares of GSX Techedu Inc. looks lower than the supply.
The company provides online K-12 after-school tutoring services in the People's Republic of China.
The price fell after Citron had published report on APR 14.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $29,82;
stop-loss — $30,37.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Trading ditutup: stop tercapai
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