A Post-event look at Daisin Retail Trust (CEDU)
Based on simple TA indicators on Monthly Chart
note: Monthly Chart can be seen as long term view, but may not as long as 5~10 years ba long long term
1. price chart
2. 20 month SMA, quite a long-term Moving Average to break or reverse
3. RSI, like price chart, using previous High/Low as resist/support and trendline to determine breakout/breakdown
4. Volume may be ignored if too many irregular high volume months seen (maybe due to married deal)
1st part:
RSI falls below L1 in Aug 2019, falls below 20 SMA too which signal a bearish sign. Since this was found in monthly chart, we can assume that something went wrong.
(a decision point where investors still consider to hold onto or trim their position)
2nd part:
RSI further falls below 40 in Feb 2020, stock continues to trade below 20 SMA, somethings' getting more wrong than right (investors seriously consider to hold onto or trim position)
3rd part:
RSI bouncing around level 40 to form a Triangle with leveled support. Hugh breakdown below support in Jun 2021 is the final warning that the stock is in trouble. By now, 20 SMA has been trending down for nearly two years! (long term to break or reverse as mentioned above)
note: Monthly Chart can be seen as long term view, but may not as long as 5~10 years ba long long term
1. price chart
2. 20 month SMA, quite a long-term Moving Average to break or reverse
3. RSI, like price chart, using previous High/Low as resist/support and trendline to determine breakout/breakdown
4. Volume may be ignored if too many irregular high volume months seen (maybe due to married deal)
1st part:
RSI falls below L1 in Aug 2019, falls below 20 SMA too which signal a bearish sign. Since this was found in monthly chart, we can assume that something went wrong.
(a decision point where investors still consider to hold onto or trim their position)
2nd part:
RSI further falls below 40 in Feb 2020, stock continues to trade below 20 SMA, somethings' getting more wrong than right (investors seriously consider to hold onto or trim position)
3rd part:
RSI bouncing around level 40 to form a Triangle with leveled support. Hugh breakdown below support in Jun 2021 is the final warning that the stock is in trouble. By now, 20 SMA has been trending down for nearly two years! (long term to break or reverse as mentioned above)
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