Monday 3 November 2014

Autohome Rebounds, Works On New Base As Earnings Loom

Otmane El Rhazi from Investor's Business Daily - Investing RSS.



Chinese auto information website Autohome (ATHM) is working on a new base after recovering from a steep slide. The cup base shows a potential buy point at 58.03, but it could still add a handle. The pattern formed after the stock corrected 33% following a failed breakout from a prior cup base. Autohome's Q3 results are due Wednesday before the market opens. Profit for the period is expected to soar 189% from the same period last year to 26 cents a

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