In current context it is very hard to make prediction and especially in Chinese stocks. MOMO has recently completed H&S pattern which is usually regarded as bearish chart pattern. Stock is very volatile last 3 weeks and it drops to its strong support at around 22-23. Situation with COVID-19 fuels uncertainty and fear into global markets sentiment and can push MOMO...
Everybody is currently so bullish that I simply start to feel that opposite will happen. I think we will witness a small setback and may potentially see 7k-6k again. I do believe market will continue to grow after
I know - not a groundbreaking analysis but hey this is my first published study and I will try to get better over time. Piece!
