$MENGNIU DAIRY(02319)$

Share price trapped within Parallel Channel

Connecting most OHLC (Open High Low Close) from low and projected parallel trendline upwards to project the possible resist

There were three occasions with hugh UP candles + increased volumes (May & Jun & Aug 2022 as highlighted) but each time sending share price lower

Bullish divergence spotted from daily MACD (as of last week)

Stock might be ready for a rebound back along $40~$41

Resist : $40~$41

Support : $32 (bearish reversal)

# Technical analysis challenge

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  • Remotecam
    ·2022-09-25
    Profit is declining over time.  thanks for sharing.
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  • HilaryWilde
    ·2022-09-22
    Don't be too optimistic, after all, the volume of MENGNIU DAIRY is not getting bigger.
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  • DonnaMay
    ·2022-09-22
    It looks like MENGNIU DAIRY is still in a downtrend.
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  • BruceBryant
    ·2022-09-19
    Yeah, it's in the Parallel Channel but also in a Falling Trend.
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  • Maria_yy
    ·2022-09-22
    I really hope this stock can break 43.0.
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  • FrankRebecca
    ·2022-09-19
    Is there any reason you take short on Mengniu ?
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  • erichosk
    ·2022-09-19
    ok
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  • Investforget
    ·2022-09-19
    K
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  • Joykong
    ·2022-09-19
    ok
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  • Hunter88
    ·2022-09-19
    K
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  • 企鹅大人
    ·2022-09-19
    [Like]
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  • chandra
    ·2022-09-19

    Ok

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  • Slee49
    ·2022-09-19
    OK
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    Fold Replies
    • Slee49
      OK
      2022-09-19
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  • Zi Xiang Lee
    ·2022-09-19
    👍
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