YRD Cup and Handle PatternThere may be cup and handle pattern. It looks Bullish. And cup and handle goal is around 17-18
YRD
Trade Idea: YRDIf a double bottom happens and bounces to breakout from the current downtrend (~26$) it could close in the previous downtrend resistance level at the 0.382 fib retracement ~34$. Possible turnover 30%+.
See bearish on YRDWe saw triangle and limit downtrend for YRD. 20.9 support is crucial at this point and to see if YRD could hit 24.19 to gain its momentum, but for short-run, it's bearish trend
Another Chinese StockThis is a volatile one. After a standard 5 wave down, a 3 wave counter-trend rally is unfolding. There is still some room to play for the upside. A conservative strategy would be waiting for the 3 wave done and playing the C leg.
Will follow up later.
