Two new trading ideas and quick update for old onesNIU and GOTU are showing nice trading setups. We can enter NIU right now and wait for GOTU for better entry.
PYPL, XINYI and SBSW are starting to give me the signal that my analysis was right. Glad that I entered at these prices. Let's wait and see and hope price doesn't reverse.
Niustock
NIU could be sub-$4 by March (23% decline)NASDAQ:NIU has bounced up from its low of $2.57 in October.
BUT in early December, it tried to break $6 and failed.
Then we had a couple weeks of consolidation.
So far this year, we've tried to break above the previous 2-week candle, but it has failed so far.
I venture that by the end of January, we'll breach the previous 2W candle's low ($4.62) AND continue downward.
I have to reason to target $4 exactly; in fact I'm kind of expecting it to breach last year's low ($2.57) in the next six months.