Celh has performed well during the bear market, the perfect set up seems very plausible.
1st buying point at $87 where break out the trend line.
2nd buying point at $100 if there is support after price correction.
Sushi's analysis
Reasons for adding long position to Biotech stocks ETF.
1)Biotech trade has bottom earlier than the S&P and Nasdaq
2) Resistance at $135
it tends to breakthrough
3) 50 MA tends to cross 200 MA
4) 200 MA start uptrend
1st buying point when there is a rebound @$33 (Fib 0.618)
1st contraction 30%
2nd contraction 19%
3rd contraction ??%
And assume there is a 3rd contraction with 8% - 10%, we must see a rebound near $33
!!!!!!!!!!!!!!!!!!Not buy when breakout as the break out in bear market usually failed!!!!!!!!!!!!!!
Analysis of 0293.HK
1) Uptrend with increasing volume trade
2) Probably in Stage 2, 50 average line above 200 days
3) Low risk entry point (potential 9% profit underlying 4% loss)
4) The sector of shipping company is leading the market such as OOCL 0316.HK
