Geely Automobile Holdings Ltd (HKEX: 175) rebound at HKD$17.50 was we sustained after it broke the downward channel from January 2021 – May 2021. Technical and price action also indicate that the upside will continue:
*Timeline of the trade is 12 weeks from the date issued.
Red dotted line = 200 Periods Moving Average
Blue dotted line = 63 Periods Moving Average
Green dotted line = 22 Periods Moving Average
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