SY a top quarterly gainer,rising +49.85%.Expect Uptrend reversalSo-Young International Inc - ADR (SY, $14.76) was one of top quarterly gainers, jumping +49.85% to $14.76 per share. Tickeron A.I.dvisor analyzed 105 stocks in the Internet Software/Services Industry over the last three months, and discovered that 93 of them (88.89%) charted an Uptrend while 12 of them (11.11%) trended down. Tickeron A.I.dvisor found 28 similar cases when SY's price went up 15% within three months. In 26 out of those 28 cases, SY's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for SY are 90%.
SY trade ideas
$SY can rise in the next daysContextual immersion trading strategy idea.
So-Young International Inc. operates an online platform for medical aesthetics and consumption healthcare services focusing on discretionary medical treatments.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $11,31;
stop-loss — $10,76.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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