I MA EXPECTING FXITO MAKE ALL TIME HIGH. To continue uptrend, Must not trace back to 23 area in pullback. Till that , stock remains a buy. Chinese stocks historically finish bull run in 6-9 months, so stay long with expectation of a year.
Stock is in oversold territory: CAUTIOUS
If pullback happen near term,
Stay with the stock till 572 and exit would be 569.74
Near term technical target, 593 just 1.73% from current levels
My long term target:610-615 (5% away from current levels)
After hitting target, pullback to 573.36 is possible
Absolute hold zone: 571.66
Price stays above 571 ,we are looking at 573, 578, 580 & 581 for next 2 week.
If 571.95 is respected meaning no close = Bullish
If price breaches 571, likely go to 568.11-567.91 level.
Close below 567.91, will test 565 , 564 levels
Looking for break in structure as long as 116 area is not traced back
121 zone is fair value zone for entry.
Need to cross 130 area with momentum, entry on retest
