Unfortunately the bull case failed (support at 180) as bad news out of China is sending this stock to new 52-week lows in HK.
So it will be a bit harder to get this train back on the tracks. This is one way. (Not even close to financial advice)
Looking for "supply zone" in the 170-180 range. 170 is rock bottom covid crash March 2020, and has some fib confluences, like it's the .382 of the very bottom to the very top.
Then we're looking for an ABCD correction and then finally a new uptrend. Who knows how long this could take. Maybe never: Market crash or even existential risk (not really) could drive this down below 170, down to 150? Making this the buying opportunity of the decade.
So it will be a bit harder to get this train back on the tracks. This is one way. (Not even close to financial advice)
Looking for "supply zone" in the 170-180 range. 170 is rock bottom covid crash March 2020, and has some fib confluences, like it's the .382 of the very bottom to the very top.
Then we're looking for an ABCD correction and then finally a new uptrend. Who knows how long this could take. Maybe never: Market crash or even existential risk (not really) could drive this down below 170, down to 150? Making this the buying opportunity of the decade.
