YQ 17 Education New Regulations UpdateDon`t you like basic technical analysis without fundamentals whatsoever to back it up?
Because otherwise before entering the pump you would paid attention to 17 Education & Technology Group Inc. business update: "institutions providing after-school tutoring services on academic subjects in China's compulsory education system, or Academic AST Institutions, need to be registered as non-profit; changing the current registration-based regime for operating online Academic AST Institutions to a government approval-based regime". (globenewswire.com)
Or maybe you want to own a foundation or a nonprofit company?!
A temporary recovery in share prices after a substantial fall, caused by speculators buying in order to cover their positions is called a Dead Cat Bounce!
China's crackdown on for-profit education companies was a disaster for traders not using a stop loss.
In the 52 Week Range 17 Education & Technology Group Inc. went from 23.9 to 1.02usd. i almost can`t imagine such a loss!
After-school tutoring institutions must transform themselves into "nonprofit organizations".
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
ARK Invest dumps Chinese stocks.
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!
