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Autohome Inc. Message Board

  • justasklee justasklee Aug 13, 2014 7:13 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted Charts of the Day video on ATHM at TheTechTrader site noting: Autohome Inc. (ATHM) did very nicely on Tuesday. Looking back to March, after the base developed, then a left shoulder-head-and an elongated right shoulder, it broke out recently, pulled back to the 50, and on Tuesday, it snapped back with a new rally high at 44.40, before backing off to 43.83, up 3.93, or 10%, on nearly 2 million shares. That’s the biggest volume this stock has had in a while. Be expecting a test of the March 19 high at 47, and if this market really starts to run, look for it to head up toward the 50-51 range.

40.11-0.55(-1.35%)12:02 PMEDT