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Geely's historic bullrun ended by RSI failure swing?
GEELY AUTOMOBILE HOLDINGS LIMITED
Short
Geely's historic bullrun ended by RSI failure swing?
By Momentum2963
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Nov 25, 2020
1
Nov 25, 2020
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Gelly's bullrun of 53% in 22 trading days was stopped by an engulfing pattern.
The RSI failure swing combined with the second highest MACD in Geely's history indicate a further downward movement.
CRV = 2,67 / Stop Loss above engulfing pattern / Take Profit at 0.382 FIB
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