CHINDATA GROUP (NASDAQ:CD) momentum breakout alert!

CHINDATA GROUP HOLDINGS-ADR (CD)       6.66   -0.36 (-5.13%)

After market: 6.66 0 (0%)


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CHINDATA GROUP (NASDAQ:CD) momentum breakout alert!9 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 Image10 days ago - Chindata Group Holdings LimitedChindata Group Reports Fourth Quarter and Fiscal Year 2022 Unaudited Financial ResultsNews Image10 days ago - Chindata Group Holdings LimitedChindata Group Reports Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results

BEIJING, March 15, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral...

News Image17 days ago - Chindata Group Holdings LimitedChindata Group Announces Time Change for Fourth Quarter 2022 Conference CallNews Image17 days ago - Chindata Group Holdings LimitedChindata Group Announces Time Change for Fourth Quarter 2022 Conference Call

BEIJING, March 08, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral...

News Image19 days ago - Market News VideoChindata Group Holdings Breaks Above 200-Day Moving Average - Bullish for CDNews Imagea month ago - Chindata Group Holdings LimitedChindata Group to Release Fourth Quarter and Full Year 2022 Financial Results and Host a Conference Call on March 15, 2023News Imagea month ago - Chindata Group Holdings LimitedChindata Group to Release Fourth Quarter and Full Year 2022 Financial Results and Host a Conference Call on March 15, 2023

BEIJING, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral...

News Imagea month ago - Chindata GroupChindata Group Sets a New Record in the Data Centre Industry, with New 220kV Substation in China

/PRNewswire/ -- Chindata Group Holdings Limited, ("Chindata" or "the Group") (Nasdaq: CD), a leading provider of carrier-neutral hyperscale data center...

News Imagea month ago - Seeking Alpha(NASDAQ:CD)

Chindata (CD) priced its $300M in principal amount of senior notes due 2026, bearing interest at a coupon rate of 10.500% annually and will be issued at a price of 99.061% of the...

News Imagea month ago - Chindata Group Holdings LimitedChindata Group Announces Pricing of $300 million Senior Notes due 2026News Imagea month ago - Chindata Group Holdings LimitedChindata Group Announces Pricing of $300 million Senior Notes due 2026

BEIJING, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral...

News Image3 months ago - Chindata GroupChindata Won Prestigious Data Center Dynamics Award for the Second Time

/PRNewswire/ -- On December 7th, one of the industry leaders in carrier-neutral hyperscale data center solutions, Chindata Group, ("Chindata" or the "Company")...

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