Stock Of The Day / 04.02.25 / JYD04.02.2025 / NASDAQ:JYD #JYD
Fundamentals. Negative sentiment amid tariffs with China
Technical analysis.
Daily chart: More than 80% down from the previous session. All-Time Low of 0.42 is ahead.
Premarket: Giant Gap Down on increased volume.
Trading session: The initial momentum from the opening of the session was stopped at 0.55, followed by a deep pullback, but then the price returned to 0.55 again and broke through it on increased volume. We are considering a short trade to continue the downward movement in case of holding the level from below.
Trading scenario: breakdown with retest of level 0.55
Entry: 0.5315 if the level is held below and goes below the candlewick of the breakdown candle.
Stop: 0.56 we hide it above the high of the retest.
Exit: Close part of the position before the all-time low of 0.42. Close the remaining part of the position at a price of 0.3565 when the structure of the downward trend is broken.
Risk Rewards: 1/5 (1/6 maximum)
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information .
