Whats Gonna Happen??Descending wedge, Up or Down?
With Evergrande Fud and now Energy Crisis Fud, strong media headwinds on chinese stocks.
TIGR/N trade ideas
TIGR bullish RSI divergenceTIGR bullish RSI divergence, 0,786 fibonacci level support. Price target 100% until November 8
TIGR New updated with new veriables Some new updates with new veriables of China country risk
Any opinions?
Looking for a 4/1 risk tradeSupport on $13 seems to hold for now, today a lot a volume came in the first hour pushing up the price, then the price had their retracement so on daily isn't the most bullish candle but because of volume im looking for a trade with a risk 4/1.
The target could be $22 looking for fib 0.618 of the last down movement.
On the fundamental side i read something about a lot of new accounts, nothing really impressive as far as i know, do your own research.
The kitten will grow into a Tiger ($TIGR). Low Risk, High RewardTIGR just reported solid earnings a week ago.
It popped on solid earnings, but sold off the upcoming days due to ongoing 'Chinese regulation' and 'Evergrande' collapsing fears.
We are currently trading at 12.90$ and sitting right on support(66% down from ATH) and only at forward P/E of 20, which is pretty cheap for hyper growth stock.
And it looks like we approaching the end of a descending triangle.
The stock is heavily shorted with an estimated short interest of 28.23% of Free Float. (source: 'ortex')
So it is definitely at 'short squeeze' candidate. And could go parabolic real fast.
Even with the 'China risk'. I would consider it a low Risk, High Reward play. Just due to the fact that it is nearly down 70% from ATH although the fundamentals didn't change. I wouldn't be surprised to see $TIGR reverse in the near future.
I would set a set a stop-loss at 10.96$ in case the descending triangle breaks to the downside.
My 1 year price target is 40$.
TIGR, Possible huge mid term profit! Not a difficult decission!Is TIGR going to start a new motive wave to make a new ATH? Of course possible.
General trend of TIGR is UP . TIGR has completed waves 1,2, 3 and possibly just 4 of a large cycle Elliott wave and is starting a new up going wave to make a new ATH to complete wave 5 of this Elliott cycle. Price currently has retraced back 0.786 of its last rally from 4.3 to 38.5 USD.
Strong support has been formed around 11-12 USD consisting of pre-mentioned 0.786 retracement of last motive wave and some Fibonacci levels of internal structure of down going wave C of an ABC form of correction. All these descriptions are shown on the chart.
Stochastic indicator in both weekly and daily time frames is in oversold zone which suggests the forming low may be the last low for several weeks.
If true, Price goes high up to 46 USD which brings us around 250 % profit . Therefore if you are a patient trader you can hold your shares to reach to the mentioned target and enjoy your trade.
Besides all these bullish signs market may choose another path for TIGR, So like always we are objective and trade based on facts. It means we set our stop loss carefully in the case of opening a long position.
We enjoy our trading . Don't we?
Rocket engine is getting started!Second level step "$25" become realistic with each new day!
Waiting realization of this scenario!
New "Rocket" trend expectations!Support and Ressistance:
TIGR have made test of strong support line at $12-13.
However didn't break it and going up to the ressistance line at $18-19.
It seems new upcoming trend appeared and new potential are oppening for $29-30 until the end of November begging of December.
MACD:
Indicators below zero line during July - August.
It showing undersell status and potential of turn up trend.
Summary:
If no any fundumental news will be appeared I'm expecting 3 steps target $18-19, $24-25, $29-30!
$TIGR is gonna fall todayPupm&Dump trading strategy idea.
$TIGR is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $13,99;
stop-loss — $14,32;
take-profit — $13,32/MOC
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.
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TIGR: Will the support hold? Requested by veeteeeTiger brokerage is a up & coming brokerage firm. They seem to be pretty aggressive in their acquisition recently.
The run at the beginning of this year has definitely fueled lots of buying interest. However, price is now back at a strong support of $14-15.50 range.
The question is will it hold? The recent clamped down by the Chinese government mounts unnecessary pressure of potential growth companies. So we will have to thread very carefully with all Chinese companies. Nonetheless, I'm leaning towards the bullish side on most Chinese stocks. (I had reviewed FXI - China Large-Cap ETFs suggesting that bullishness is expected in the upcoming weeks.)
I'd like to see a reversal candle pattern on the Daily chart before buying. For now, I'll stay aside.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
great risk reward long setup here! beautiful bounce off support for TIGR! now breaking its tight downtrend channel, similar breakout to the one in may where we had the 2nd bounce off support. long 18.5 (stop loss 16, price target 22-24) dont forget to like and follow for more :)
ADDED to $TIGR Target 26.75 for 37.46% 🟢 $TIGR Target 26.75 for 37.46%
Or next add at 14.21
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
SWING IDEA #19: TIGRMassive unfilled gap and a rising wedge, going to to watching for a breakout of the wedge today. Also TIGR is a really good "buy the dip" stock.
Not financial advice just my opinion.
🟢 $TIGR Target 28.12 for 35% (Risk Level - MED)🟢 $TIGR Target 28.12 for 35% (Risk Level - MED)
Or double position at 15.41
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
TIGR more uptrend to come?Since 13 May 2021, Tiger price enjoyed a nice swing up to reach $29.95 on 15 June before a deep retracement. It has since moving in a range between $22 and $30.
Last Friday (25 June) in hourly chart, there seems to be some rejection around $28.80. However, as long as the price is able to sustain above $26, the up trend is still intact. If able to break above $30, next target is likely $34 area then re-challenge all time high at $38.50.
The nearest support would be $22 or $20.
TIGRCup and Handle formation in progress for this one points to a continuation Bullish pattern. Keep on watch .
NEW POSITION $TIGR Target 29.99 for 32.11% $TIGR Target 30.01 for 32.11%
Or double position at 15.43
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
