DANG
DANG setup being denied for nowFirst time into the cloud rejected and now getting a bearish engulfing. There is no reason to put a long on here.
Little risky yet w/tight stops potentially great tradeA really like technicals+volume+price in this small cap; yet price action is a little choppy. 200DMA crossover gave me a buy signal + channel has been broken. I also like chinese economy.
Is $DANG Buy Now?You need to check if this technical review matches the fundamental which is very vital for those of you who want to enter a trade that they want to hold a longer period..highly recommended to see if the stock fits their investment philosophy. As you can see from the chart, the stock had a decent run from Feb low this year, and appreciated in short time almost 120% this is how this stock is volatile and can ruin your wealth if u take it without a complete understanding its standard deviation which now stands at 5.13 compared to BIDU another Chinese stock 2.33. The price did not sustain and lost that quick 120% gain in March but it looks upside volume was huge compared to decline volume which may suggest the upside momentum has a run to continue. SCT suggests a measured target price $15.80 area and its very likely that will be the case. We see a target price $16.5 area from our FEXN projection and has 86% probability of achieving it. The trade open seems now profitable, and expect to trim it sometime next few weeks if price pushes above SCT target.
