It has been a bit of a rollercoaster and those holding Chinese ADR's should be used to this by now.....even if it isn't enjoyable.
The structure is still in place, the price is still above the blue line, still in the wedge and just at the trend line and still in the current projection.
I do believe it needs a positive catalyst soon.....however, the closer we get to the wedge apex, this will likely have made a decision on its direction by then and for now, I am favouring a move to the upside.
I will continue to update this every day and we will keep on top of this and watch for any changes to the trend.
Marty Austin
2024-08-30 17:38:49 +0000 UTCGareth Neary
2023-09-11 02:22:28 +0000 UTCALG
2023-09-10 23:01:06 +0000 UTC