After long period of consolidation, SAIC is of all Chinese E-Cars Producers in second line.
But - Most others (NIO, BYD etc) gained in a very short time. The potential is in short time limited, especially NIO is very much too high.
In hunting other shares, the market will discover SAIC & push'em up.
technical remarks:
- good OBV
- outbreak Chanel
- double bottom sl in preparation
- impulsive EW structure
Price: 25.55