Great long signal: Huazhu Group. #trading #investors #investingA perfect set-up showing on the Huazhu charts.
The Coppock Curve crossing over the zero line is a great long signal. Although using this on the daily charts doesn't provide the best signals, it's useful when paired with the weekly charts (I'll attach that below). In short, a long position crossover on the daily charts should match the trend on the weekly charts.
In this case, the long signal on the daily Coppock Curve is matching the up-trend on the weekly. To make the signal stronger, the weekly is about to crossover the zero line as well.
Also need to include that Both the weekly and the daily have a nice uptrend, and that prices held up on the last significant support level.
H1TH34 trade ideas
short HTHTHuazhu Group Ltd. engages in the hotel operation business in China. It offers four hotel brands that are designed to target distinct segments of customers, which include JI Hotel, Elan Hotel, Joya Hotel, Starway Hotel, HanTing Hotel, Hi Inn, and Manxin Hotels & Resorts. The company was founded by Ji Qi, Wu Jiong, and Zhao Tong Tong on January 4, 2007 and is headquartered in Shanghai, China.
their website is not working. their EV/EBITDA is above 30... huge debt ... and for sure lower income in the future months.
HTHT: MACD divergence and resistance bounceA couple of promising indicators appearing on the HTHT daily chart:
1.- MACD divergence: prices are setting lower lows, but the MACD is recording higher lows.
2.- MACD is rising towards the zero line.
3.- Did not break through resistance at closing.
A couple of things to monitor before I trade. I'll be waiting for the MACD to cross zero and to see if the resistance line is held for a possible double bottom.