CHINDATA GROUP (NASDAQ:CD) momentum breakout alert!

CHINDATA GROUP HOLDINGS-ADR (CD)       7.015   -0.15 (-2.03%)


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CHINDATA GROUP (NASDAQ:CD) momentum breakout alert!5 months ago - Chartmill

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)

  1. clean breakout during last trading session (+12%)
  2. increased buying volume
  3. closing price higher than $8.35 (latest resistance)
  4. 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

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.

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News Image2 days ago - Market News VideoDow Movers: JNJ, DOWNews Image3 days ago - BusinessInsiderChindata Group announced 2022 Q3 financial report: revenue in the first nine months of 2022 has surpassed that of the full year of 2021

BEIJING, Nov. 28, 2022 /PRNewswire/ -- On November 22, 2022, Chindata Group Holdings Limited ('Chindata Group' or the 'Company') (Nasdaq: CD), a l...

News Image3 days ago - Chindata GroupChindata Group announced 2022 Q3 financial report: revenue in the first nine months of 2022 has surpassed that of the full year of 2021

/PRNewswire/ -- On November 22, 2022, Chindata Group Holdings Limited ("Chindata Group" or the "Company") (Nasdaq: CD), a leading carrier-neutral hyperscale...

News Image9 days ago - Seeking AlphaChindata ADS GAAP EPS of $0.05 in-line, revenue of $169.1M beats by $12.8M (NASDAQ:CD)

Chindata ADS press release (CD): Q3 GAAP EPS of $0.05 in-line.Revenue of $169.1M (+47.1% Y/Y) beats by $12.8M.Adjusted EBITDA in the third quarter of 2022 increased by 66.8% to...

News Image9 days ago - Chindata Group Holdings LimitedChindata Group Reports Third Quarter 2022 Unaudited Financial ResultsNews Image9 days ago - Chindata Group Holdings LimitedChindata Group Reports Third Quarter 2022 Unaudited Financial Results

BEIJING, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral...

News Image16 days ago - Market News VideoCD Crosses Above Key Moving Average LevelNews Imagea month ago - The Motley FoolWhy Chinese Stocks Jumped on Tuesday

Rumors of China's end to its zero-COVID policy in 2023 were enough to get investors excited today.

News Imagea month ago - BloombergChina Merchants Exploring Takeover Bid for Bain’s Chindata, Sources Say

China Merchants Group Ltd. is exploring a takeover offer for Chinese data center operator Chindata Group Holdings Ltd., according to people familiar with the matter.

News Imagea month ago - Chindata Group Holdings LimitedChindata Group to Release Third Quarter 2022 Financial Results and Host a Conference Call on November 22, 2022

BEIJING, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral...

News Imagea month ago - Chindata Group Holdings LimitedChindata Group to Release Third Quarter 2022 Financial Results and Host a Conference Call on November 22, 2022News Imagea month ago - Market News VideoChindata Group Holdings Becomes Oversold (CD)

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