Potential pullback on Kuaishou?

Forexbae
2022-04-21

Hey everyone. Anyone else looking at $KUAISHOU-W(01024)$ ?

With price approaching the support of the stochastics, I do think there's a possibility of a short term pullback to the potential forming descending trendline where the 23.6% Fib retracement and last swing high is. My entry would be at the last swing low support which would align nicely with the stochastcis indicator and stop loss would be at the next swing low support where the 127.2% Fib extension is.

Entry: 58.10[Happy] 

Take Profit: 63.65[Miser] 

Stop Loss: 55.35[Angry] 

$Kuaisho 5xLongSG220808(DXDW.SI)$ 

$Kuaisho 5xShortSG220307(DJXW.SI)$

Technical Analysis
Here is the place for you to discuss & learn about technical analysis.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Humbly
    2022-04-22
    Humbly
    Like other  Chinese tech stocks, Kuaisho is volatile and trading near its recent lows. Not easy to know where is the bottom. For trading, it may be easier to go with the trend than against the trend
  • LohYK
    2022-04-22
    LohYK
    good sharing. will only DCA in small amt now for Chinese coy
  • SandDust
    2022-04-23
    SandDust
    Look at business not price buddy
  • uynujeel
    2022-04-22
    uynujeel
    thanks for the insight
  • yinghao94
    2022-04-22
    yinghao94
    [Surprised] [Surprised] we need to be prepared...
  • patricklowck
    2022-04-22
    patricklowck
    what price should be good to enter??
Leave a comment
7