Bitauto Holdings Limited $BITA Swing Trade & Trend Following Trade
$BITA is one of the strongest stocks both fundamentally as well as technically. I entered on a swing trade earlier in the month. It was a short profit…however $BITA might end up being a strong winner. There was a flat horizontal period as designated on the chart. This could have been considered a breakout trade. The entry was 25.76 and got up to 34.47 in just a short couple of days. The market has recovered and was in an uptrend.
Past performance is not indicative of future performance