$WUBA can rise in the next days
Updated
Contextual immersion trading strategy idea.
The demand for 58.com`s shares looks higher than the supply.
The company operates various multi-category online classifieds platforms and vertical listing platforms that enable local businesses and consumers to connect, share information, and conduct business in China.
Due to the spread of COVID-19, the demand for the company's services rose.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $52,18;
Information about take-profits and stop-loss will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
The demand for 58.com`s shares looks higher than the supply.
The company operates various multi-category online classifieds platforms and vertical listing platforms that enable local businesses and consumers to connect, share information, and conduct business in China.
Due to the spread of COVID-19, the demand for the company's services rose.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $52,18;
Information about take-profits and stop-loss will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Trade active
stop set at $49,00Trade closed manually
at $51,4
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