Awaiting price to soften to 48-50 before buyingRead latest news here , and here .
So, you can see approximately the last 6 years, Kingsoft price was hoovering between 10 -35 dollars range. This is a litmus test for investors on their holding power, risk tolerance, etc. Sometimes, they swapped out due to seeing little to no activity in the share price and do not want to miss "opportunities out there".
I would be awaiting for the price to pull back around 48-50 before nibbling on this company.
3K1 trade ideas
First trade of FY19! HKEX 3888 (Kingsoft)Don't think a lot of people here analyse the HKEX much, but like to share what I'm currently trading and here is to my first sell of FY19! HKEX:3888 . My first entry is at 10.18 - riding this wave.
Just sold half at $12.96, and will buy back at $12.
(Happy my first sell was not a loss!)