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FUYAO GLASS INDUSTRY GROUPFUYAO GLASS INDUSTRY GROUPFUYAO GLASS INDUSTRY GROUP

FUYAO GLASS INDUSTRY GROUP

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600660 trade ideas

FUYAO Glass Updated Analysis: Looks Extremely Bullish!!Dear Traders, Welcome to my updated analysis of this great asset. The price is going to meet the measured target of my previous post very soon and will potentially give us approximately 40% gains. More gains might be coming! Now, this asset is testing the previous all-time high, 30.22 CNY. And the MACD just crossed bullish and put the first green bin on its histogram after 2-year accumulation. The blue-sky breakout might be imminent. If this happens, the next target I am looking at is the 200% measured move from the previous three rising valleys. Please see the chart! Will keep updating this setup. Stay tuned. Have fun! HakoneDream
SSE:600660Long
by HakoneDream
FUYAO GLASS Parabolic Move Soon?! (Correction)Hello traders, I rushed a bit and didn't express the idea precisely. Here is the updated chart. The three rising valleys has been completed before so the falling wedge is the only pattern to pay attention to. The following facts still hold: 1. Triple bullish divergence . 2. Forming a falling wedge as a continuous pattern of a bullish trend . 3. This chart is extremely similar to that of PDD before taking off. 100% measured move will be ~43.67% from the breakout point. This trading idea will be updated. Enjoy! HakoneDream
SSE:600660Long
by HakoneDream
FUYAO GLASS Parabolic Move Soon?!Good morning/afternoon/evening traders, FUYAO Glass has flipped the long-term resistance into a solid support level. This one could give us an EXTREMELY lucrative trading opportunity based on the following facts: 1. Triple bullish divergence. 2. Forming a falling wedge as a continuous pattern of a bullish trend. 3. Three rising valleys that might give ~76% profit as the 100% measured move. 4. This chart is extremely similar to that of PDD before taking off. Please leave the comment and like this post if you're interested in this idea. Enjoy and have fun to watch the next step. HakoneDream
SSE:600660Long
by HakoneDream