GEELY AUTO is on the move to break Resistance?
If #GeelyAuto breaks the upper channel then the price could go to next all time high.
*** Just sharing my own opinion , NOT AN #INVESTMENT #ADVICE.
GRU trade ideas
Geely's historic bullrun ended by RSI failure swing?HKEX:175
Gelly's bullrun of 53% in 22 trading days was stopped by an engulfing pattern.
The RSI failure swing combined with the second highest MACD in Geely's history indicate a further downward movement.
CRV = 2,67 / Stop Loss above engulfing pattern / Take Profit at 0.382 FIB
Follow the trend This could be a diamond in the making.
its over the strong support line and have an positive uptrend
all MA lines are positive
There are higher highs and higher lows
this could be a good swing / long term assist
Disclaimer: I dont have this stock, but i think i might later today
remember always to do your own reseach
GEELY (175) - Broke up from "base"GEELY push out of a basing formation that lasted more then 2 years on strong volume. The week is not over yet but the odds are good that it will close a bullish candle this week no lower than 19.20.
Hoever we could still have some retracement over the next few weeks and should that happen, 18.00 is going to be a very strong support. I believe the odds of Geely hitting 23.70 eventually is good and perhaps even 27.50 for the longer run.
Stop loss will be placed just below 18.00 for now and trail it up along the way to protect profits. However need to find a balance between a tight stop loss and one that gives it enough room to swing and eventually move higher.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you
Step aside, Elon Musk, Geely is coming for your SapceXRead all about it here
Despite all the big sums of money thrown into R&D, Geely Automotive with much cloud in this fiercely competitive industry fails to elevate its share price any higher than 15.50 since Nov 19.
Share price took a nosedive last year to its bad sales (actually the entire automotive industries) before settling at a support level of 12.46. It attempted to rebound quite strongly but when it almost hit 15.50 in mid Feb this year, it pulls back again.
Now, within the inner bullish trend line, it can attempt to visit the resistance once more at 15.50. If that fails, it could falters and slide down to the main bullish trend line (green) at around 13.00. And if that also fails, then it could revisit the support at 12.46 again.
I would be keeping this stock in my watch list and see how it performs this few months. No hurry to buy as I expect some M&A activities within the China automotive markets.
Geely Chart PatternUS and CHINA situation getting worse and volume accumulation and price movements look repetitive, for me now it is time to fall.
Geely leaves side movement and crosses 2018 highSeems like the downward trend is finally broken and new bullish rally starts
GEELY AUTO- A POTENTIAL LONG TERM RETRACEMENT BUYGeely recently has made debuts on the international stage through its higher end LYNK and Co brand which it has a 50% stake in .
Other than being another competitive auto maker in the already competitive Chinese automotive market, I think that Geely had the potential to rise up in its Local and International Market share. Being relatively unknown in the international arena, it only gives it more room to grow as it targets the average car consumer market. Who cares about the coolness, we are just buying a part of the company.
More importantly, the charts show a potential breakout which makes the retrace a super low risk high reward scenario. ;))
GEELY AUTO potential reversal!
GEELY AUTO expected to rise up to 1st resistance at 16.16 where it could potentially react off and drop down to 1st support at 14.60.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
For Geely FansDouble Top has been formed over here with falling indicator might indicate further downside. If break the up trend line might fall into correction mode between 14.5 - 15.8.
Previous Resistance 14, can be your last support
Long Geely on news of sales up 32%finance.yahoo.com
Bullish news here, going to try and long for a target around 25$
Geely possible setupBetween march and june i will be on the lookout for some buy opportunities at levels between 2,20 and 1,25.
Trade stocks in rising industries by Midas Touch strategyToday, I will show you how to find the potential stocks in a just few minutes, and to decide when to buy for a long term investment. You don't have to draw too many things on graph.
This approach is suitable for those no-brainers. Enjoy.
Steps
1) Open your VectorVest program, select Hong Kong market. From the Top RT Industries section, you will see the highest %change of an industry last night was Consumer Discr(Autos&Compnnts;). Now you open this industry graph.
2) Select layout.
3) Spot the MA Stop (10) & MA Stop (65) crossover, then you will find 8-Feb-17
4) Now Go to UniSearch, Choose , Select
5) Insert a parameter as below the defaults settings
6) Click button and make sure sorting by Top 5, VST in descending order
The selected stocks are 0175.HK, 22358.HK, 0868.HK. Watch the value, you will can see 0175.HK has the highest value of 1.85, which reflects this stock's has a very strong ability to resist severe and/or lengthy price declines.
As we know from the industry graph in Midas Touch layout, there are no crossover since 8-Feb-2017. Then we can hold this stock until we see one.
Now, you hit the button, 0175.HK has been risen 75% in 5 months. Check your graph accordingly. Smooth !!
You may use this strategy for different countries markets as well.
Geely Auto 175.hkI decided to post my investment in Geely
Fundamental:
This is one of my super stocks. Its earnings and revenue meet my parameters. It owns Volvo Cars that it bought from Ford. It owns London Taxi, and Emerald delivery vans.
ROE is greater than 21%. My belief is that China's embrace of the rapid transit boom in order to maximize city mobility will benefit this company as it expands around the country.
Technical:
Inverse Head and Shoulders Pattern
Plan:
Long-term investment as long as the fundamentals stay in place.
I will be monitoring Geely every 52 weeks.
