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Extracted from my blog http://kelongstocks.blogspot.com
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[b]Technical Analysis[/b]
Global Emerging Markets (â??GEMâ??), a leading UK-based private investment firm, has purchased 6.6% of China Petrotech from majority shareholder Guidance Limited, via a private sales and purchase agreement. Average price of purchase is 68.724 Sing cents per share.
China Petrotech still in uptrend channel. Candlestick pattern shows a potential rising three methods, a bullish continuation pattern. Weak market sentiment today saw it close with a doji after bouncing off support at 83 cents.
...........continued at my blog