Buy on Breakout with low risk
TA:
Higher low formed
Short term trendline breakout after long term trendline breakout with EMA25 heading towards EMA50
1st entry price 1.25, 2nd entry price 1.35
TP1 1.45-1.50 (7.5-11%)
TP2 1.60 (18%)
SL 1.28 (5% loss if EP 1.35)
FA:
Geely sales volume new high (already react in its share price movement)
Vaccine news create confident towards consumer sector
Market Performance in October 2020
Sales volume in October 2020 was 5.2% higher than similar corresponding month in 2019.
Sales volume for October 2020 was 0.4% higher than September 2020.
● New model launches
● On-going aggressive promotional campaigns by car companies
Higher low formed
Short term trendline breakout after long term trendline breakout with EMA25 heading towards EMA50
1st entry price 1.25, 2nd entry price 1.35
TP1 1.45-1.50 (7.5-11%)
TP2 1.60 (18%)
SL 1.28 (5% loss if EP 1.35)
FA:
Geely sales volume new high (already react in its share price movement)
Vaccine news create confident towards consumer sector
Market Performance in October 2020
Sales volume in October 2020 was 5.2% higher than similar corresponding month in 2019.
Sales volume for October 2020 was 0.4% higher than September 2020.
● New model launches
● On-going aggressive promotional campaigns by car companies
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