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1. 根据1-2-3Rule, 70 is the best entry point. 如红2处所示
2. It's now in stage2 uptrend channel. If you consider the wide uptrend channel, this one should revisit 130 soon.
3. From chart pattern point of of view, this is a nice looking head and should bottom. price and volume pattern is very nice, up in heavy volume and down in light volume. Friday it brok its neckline around 88.5 and I got in at 88.12.
4. target: basing 45-90, 45 points. or 90+45 should go to 135 which is its last high.
5. cut loss: once it drops back to its base or 2 point below my entry price.
2. It's now in stage2 uptrend channel. If you consider the wide uptrend channel, this one should revisit 130 soon.
3. From chart pattern point of of view, this is a nice looking head and should bottom. price and volume pattern is very nice, up in heavy volume and down in light volume. Friday it brok its neckline around 88.5 and I got in at 88.12.
4. target: basing 45-90, 45 points. or 90+45 should go to 135 which is its last high.
5. cut loss: once it drops back to its base or 2 point below my entry price.
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