Is it time for GOTU to shine?
All Chinese stocks have been getting hammered lately. It is safe to say that the Chinese market are currently in a bear market and scary as it may seem the US stock market might be next. Regardless of that, GOTU might pump for a little bit. what I am concerned about is that huge red cloud in the ichimoku cloud. It will be tough for GOTU to get out of the current bear trend but its showing signs that it wants to get out. currently it double bottom. I might wait for a triple bottom to go long do to the fact of that huge red ichimoku cloud I mentioned. I would not but options on this stock only shares and build a position on this stock by selling options.
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