I believe the Chinese government is doing the right thing for the tech sector. Government need to intervene when they see something wrong with the current system where the BIG sharks are eating away all the small fishes. The China big tech price action are likely to move sideways for the movement.
09 July 2021 - Demand coming
15 July 2021 - Down setup
The parallel line can be seem easily even without drawing the support (1.25) and resistance (1.40).
Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.
Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.
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