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so expect volume to pickup.
China stock are more active near chinese new year, donot know the reasons.
Hi cheongsl,
Care to elaborate a bit on the "Chinese New Year" relationship bit for this counter? :)
Care to elaborate a bit on the "Chinese New Year" relationship bit for this counter? :)
expect not to wait to long, as chinese new year will be in feb
Volumes are too low for TA people.
yea... aka tan ku ku.. (chinese for "wait long long") :)
so, the word patient come in
This one looks quite bearish especially after yesterday's todays' fall to 0.29. Sign of weakness. Furthermore, if you are holding this stock, it's really difficult to sell off coz its vol. is sooo thin. It's more for holding for the long haul until it surges one day.
For good stock, the word is patient.
Hi,
Today SUNRAY did a half-hearted 'cheong' thingie to 0.32 !
But then it settled back at .30. :( Should have sold.
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Today SUNRAY did a half-hearted 'cheong' thingie to 0.32 !
But then it settled back at .30. :( Should have sold.
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also vested, hopefully good results today
Although divergence shown in A/D Lines, but Chaikin is downtrending and Bollinger Bands had break below the "middle" line. My guess is it will go a little upside before taking the Chaikin trend.
I bought some more sunray shares at 28.5 cts last week to average down. I m still holding on to the shares I bought at 47 cts. My breakeven now is much lower at 36.5 cts. Fundamentally, the co is very strong. It sells sophisticated gynae and obstetrics machines, highly value- added to hospitals in China. And with the population the size of China, the market is huge indeed.
Resistance is at $0.395. This can be used as the price objective.
$0.395 happens to be the 50% point of the retracement between the low point of $0.265 on 13 Oct 06 and the high point of $0.53 in Apr 06.
On a new uptrend now
Heading towards next hurdle at around $0.37
Yep, I agree that it is looking good.
Time to vest.
From previous resistance point and high volume, it is at this point where lots of people have enter, so weaker player tend to sell off at the point to recover loss. so if one resistance is break, it will be easily heading towards the next one.
How did you figure that out?