Greatwall motors staged a breakout on 060720 on the day charts at $5.45 for a target of $20.25 (2015 all time highs) and closed at an intraday high of $28.20 on 220221.
This uptrend has paused with a short signal at $24.40 on 290120 to test its Kijun weekly support at $20.00 (coincidentally similar to $20.25 2015 ATH) and its pivot support at $17.40.
A bounce above the weekly Kijun at $20 or its weekly pivot at $17.40 will resume its long and medium uptrend to test $28.20.
Long Term Trend is UP since 030820
Medium Term Trend is UP since 130720
Short Term Trend is DOWN since 220120
PIVOT 20.25
Long positions above 20.25 to test 28.20 and ATH
Short positions below 20.25 to test 17.40 and 14.15
Comments