600276 trade ideas
600276, Jiangsu Hengrui Medicine Co. Ltd. - Trailing StopSSE:600276
Most traders lose money.
Why?
Precisely because rather than simplify their way of operating and be as disciplined as possible, seek solutions that are apparently very technical and professional with the help of indicators and oscillators, and put them on the chart making it very complex and cool to the eye.
The reality in economic terms is negative in the end, however, and so why want to persist in continuing in this way?
Boys simplify your operations and be very strict with yourself, without trying to predict, and work with the statistics in your favor.
Math is the key to profitable trading.
Stay Tuned!
600276, Jiangsu Hengrui Medicine Co. Ltd - Cup & HandleSSE:600276
Classic pattern, Cup & Handle, which in this case acts as a figure of continuation of the primary trend.
Let's take advantage of this breakout of resistance level.
Statistically as we know from our backtest based on our Entry Points, Stop Loss, Take Profit, we have a % positive realization of this trade equal to 35%.
600276: JiangSu HengRuiPharmaceuticals have done well in China over the long-term for many years. Given the quality of JiangSu HengRui and its perpetual growth, there is no reason why this trend should abate over the long haul. This stock is immune to a trade war, yet not immune to business cycle risks, which has caused turbulence for weeks to months before.
I am a little late to publish this article, but it follows up on a previous article that I wrote and posted regarding China's Roaring 2020s.
