“I bought Jiumaojiu (9922) at $19.6. What is its outlook? What should be my cut loss price?” (Headline Daily)
Let’s take a look at the weekly candlestick chart for this stock today:
This stock has gone through a downtrend and entered an uptrend recently. However, the 30-week SMA line is still sloping downward. There is also no flattening out in stage 1, which should happen after stage 4. Therefore, I would stay away from this stock at this moment.
Full disclosure: I do not hold any position in this stock at the time of this writing.
