CCIH - Swing Idea - Reversal PlaySwing Idea: CCIH - finviz.com
Risk / Reward is
Key indicators seems to be showing positive.
Slow grind higher and with some volume spikes.
RSI is at 51 (not oversold) and has been slowing building in positive zone
MACD divergence cross over moving positive to par level
Tapped 50ma this week so another move over 50dma (1.32) would be bullish
It's over 200ma (1.22)
I am in the trade at the orange color price - accumulating around this area
Swing Idea Entry Idea: 1.18 - 1.25 / Stop Loss 5c
OR Late entry at 1.32 over 50dma
The green price is my price target with is the area of resistance. I will take some profits and move up my stop loss.
Daytrade Idea:
Over 1.43 with volume or news
This one has been hard to spot volume though. I tried it a few times on momentum but with these chinese stock play it's spready.. Therefore I like the swing idea to just keep riding up.
Good Luck and Remember to honor your stop loss and take profits along the way.
