TIGR: Will the support hold? Requested by veeteee
Diupdate
Tiger brokerage is a up & coming brokerage firm. They seem to be pretty aggressive in their acquisition recently.
The run at the beginning of this year has definitely fueled lots of buying interest. However, price is now back at a strong support of $14-15.50 range.
The question is will it hold? The recent clamped down by the Chinese government mounts unnecessary pressure of potential growth companies. So we will have to thread very carefully with all Chinese companies. Nonetheless, I'm leaning towards the bullish side on most Chinese stocks. (I had reviewed FXI - China Large-Cap ETFs suggesting that bullishness is expected in the upcoming weeks.)
I'd like to see a reversal candle pattern on the Daily chart before buying. For now, I'll stay aside.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
The run at the beginning of this year has definitely fueled lots of buying interest. However, price is now back at a strong support of $14-15.50 range.
The question is will it hold? The recent clamped down by the Chinese government mounts unnecessary pressure of potential growth companies. So we will have to thread very carefully with all Chinese companies. Nonetheless, I'm leaning towards the bullish side on most Chinese stocks. (I had reviewed FXI - China Large-Cap ETFs suggesting that bullishness is expected in the upcoming weeks.)
I'd like to see a reversal candle pattern on the Daily chart before buying. For now, I'll stay aside.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Catatan
worth a try if the day ends with a doji with high volume.Trading ditutup: stop tercapai
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