TRADING IDEA (Momentum Breakout)
Chindata Group Holdings Ltd. operates data centers. The company is headquartered in Beijing, Beijing and currently employs 1,315 full-time employees. The company went IPO on 2020-09-30. The firm operates two businesses which are colocation services and colocation rental. The colocation services business provides a range of services, including utilities, hosting, cooling, operating and maintaining of clients' servers and equipment. Read the full profile here.
STRATEGY
Momentum Breakout Setup (Short term)
- clean breakout during last trading session (+12%)
- increased buying volume
- closing price higher than $8.35 (latest resistance)
- long term trend on weekly chart becomes positive (bigger buying volume)
Last earnings: 2022-05-26
Next earnings: 2022-08-24
ACTUAL SETUP
- Buy Stop | $8.81
- Limit | $8.90
- Stoploss | $7.88
- Target | Hold between 2 - 5 days
ADDITIONAL INFO/TIPS
- Use our ChartMill Postion Sizing Tool to calculate the maximum number of shares you can buy, depending on your available capital!
- Why using Stop Limit Orders?
Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.
