WuXi AppTec stock price peaked at 171.97 in July last year, and has fallen for 17 months now, and the stock price is only a fraction. However, at such a "low position", the controlling shareholder's related parties announced last Friday that they would reduce their holdings, which seems to be a "lack of money" and is very lacking. When the market heard the news, it immediately used its headlines. The stock price of hit the limit of at one point today, closing down more than 7%, and retail investors suffered again.
study stock price html January K-line chart. From the price operation channel, the intermediate upward trend before 171.97 is very clear and very unique, which is the yellow upward channel in the figure. When the stock price fell below the lower track of the yellow channel in November last year, it was a confirmation signal that the intermediate market ended.
However, the intermediate adjustment since the stock price peaked, its downward channel is not clear, with two options: green channel and blue channel in the chart.
Wuxi AppTec's stock price monthly chart
In August this year, I wrote a WeChat headline to predict that Wuxi's stock price will fall to the 80.9% gold line @56.06 position. Now, the forecast for August is still maintained. At least before the stock price breaks through the upper track of the blue channel, the principle of intermediate bearishness needs to be maintained. If the stock price breaks through the blue upper track but cannot break through the green upper track, it means that the green upper track is the real intermediate downward trend line.
#Wave Theory# #Stock Trend Analysis# #Golden Division# #Wuxi AppTec#
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