Greatwall Motors 2333:HK bouncing off support - quick 10% Greatwall Motors 2333:HK has been unstoppable since as early as last July.
It's made a pullback over the past month. It has bounced off support of 23.15, and has just broken through resistance of 25.50.
If it is to follow the current trajectory, there should be a quick 10% rebound in the coming days to next resistance at 28.30, with a medium-term TP of 33.00.
If that's not enough, a couple of investment banks have set their TP at a range of $35-$40. Plus, 2333.HK are buying into the chip market. The latter point is significant because it panders to central government policy.
Only caveats here:
Most of China is on holidays for the next 10 days, so things might slow down a bit - but that might also suggest less competition to get in, if you were so inclined, and...
DYOR always.
Greatwallmotor
Still have momentum, but is it enough? 🆄🅿🅳🅰🆃🅴 🚛🚕
Well I called this to make a 𝙥𝙪𝙡𝙡 𝙗𝙖𝙘𝙠 last week because it needed rest,
but as you see the momentum don't care and it just keep flying and we are on 𝟭𝟬𝟬% 𝙜𝙖𝙞𝙣 since 32 days ago 🚀
Someone asked me last week, should I enter the trade now and I say, if I was you I would wait, now I don't hope you sit and think, what a jerk!
Because my answer would still be the same today 𝘿𝙊𝙉𝙏 𝘽𝙐𝙔 and wait for an 𝙥𝙪𝙡𝙡 𝙗𝙖𝙘𝙠, this really needs a break ⛔
With that being said, it can 𝙎𝙏𝙄𝙇𝙇 go higher as long as there is good momentum.
Trade with care 🙏