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AAC Technologies Holdings IncAA

AAC Technologies Holdings Inc

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AACAF trade ideas

AAC Technologies Holdings Inc (2018 - HK) - Impulse wave patternAAC Technologies Holdings Inc (2018 - HK) is in 2nd wave correction of C wave (or 3rd wave) down. The 5th internal wave of C wave will rise then it will start moving down. In weekly time frame it dropped in five wave impulse A wave and corrected in B wave. Now dropping in C wave, in which 3rd wave down is in progress, which should be very sharp down and big fall. In a conservative approach this may be the part of double zigzag correction. In both cases the direction will be down.
HShort
by EWFcw
Chart of the day: HKEx: 2018 breakdown from key necklineChinese smartphone component manufacturers all started breaking down on Friday as if there were some major news in the works. Well...Google announced on Sunday it is revoking Huawei's Android license... Given sales to Huawei and Chinese smartphone manufacturers are a key source earnings and growth, this news should have a major impact on the price action. In 2018 case, you can see Friday's price action resulted in a breakdown from a intermediate wedge pattern and an impending violation of a major neckline for the stock. Traditionally, the downside objective would be equal to the height of the top, in this case, it would imply negative value which is clearly illogical. Nevertheless, this is geopolitically driven price action, so we can only hang on for the ride (ie. if you are short) till it reaches its logical conclusion.
HShort
by WellTrainedMonkey
AACAF's Possible revival patternAACAF Had been showing promise as a growing stock but recently showed signs of decline. Over the past week or so, the stock had begun to trade under the 13EMA and showed a spurt where it began to break the 13EMA but it then fell back underneath. Over the past few days the stock began to trade sideways showing a bullish trend but today’s close (12/28/2017), was a recovery from yesterday. This might be a good place to possibly sell off shares and/or short the stock if that is what you are looking for. The MACD shows that it will continue to trade on the bearish side but in the next 2 weeks or so we might see a bounce to the bullish side. Moreover, this might be a revival period, but as far as the various indicators go, i don't recommend buying into this stock until it goes into an ascending pattern. I am a new trader and looking to learn more, so any constructive criticism is welcomed!
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by John_morales1