Momentum2963

Geely's historic bullrun ended by RSI failure swing?

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HKEX:175   GEELY AUTOMOBILE HOLDINGS LIMITED
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

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