600519 - Awaiting for it to come to support level first
From the weekly chart, we can see that the share price will be likely revisiting the support level at 1356 level. Let's wait for this level and assess if there would be any trend reversal with a bullish candle pattern before going LONG......
IF this support level breaks, we can see the share price tumble down to the near 1000 level mark.....
IF this support level breaks, we can see the share price tumble down to the near 1000 level mark.....
ノート
the fascination of catching at a lower price is appealing to many people ( i once was as well) but that would means taking unnecessary risks as well. Nothing is for certain in the stock market. The trend is there for a reason, obey the rules. Could the price goes below the support and hit the 1000 price level? Definitely..........Or it could hoover around this support line and then break down or up, nobody really knows. With the consumers tightening their belt (spending less per meal ) and CCP clamming down on corruption (expensive liquor was once used to bribe the officials), that means lesser demand as well......ノート
wow, it has broke down from the support level and likely heading to 1157 , next support level. 
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