2016年5月2日 星期一

CTRP - better wait for the market to tell its direction

CTRP

7 consecutive red candles since Apr 21.  Down on heavy volume on Apr 29.
A down sloping 9-ema.
Obviously bearish.

On the other hand, stochastics has dropped to oversold territory.  Price is now in the 43.5 - 45 congestion zone.  There could be some support.

I have no interest to trade the stock before the market clearly tells me where it is heading.

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