Post Reply
1-5 of 5
But price is dropping... Wonder if negative news?
wow y the super heavy volume. goin to be halted?? does anyone know, i couldnt find any announcements
For the moment this counter will be close between $2.64 - $2.70. Unless Fed do not cut the interst rate on their coming meeting then there will be a correction. Only then you are able to get it at a lower price which might be around $2.40 - $2.55.
If it break out from its $2.70 resistance, it will be heading north for the $3.00 boundary, after which it will be very difficult for it to come down any more.
Ok gotta be away for the next 3 days. Pray hard that the Fed will not try to test the market by not cutting the rate.
Cheers
i alwis think yangzijiang is a good counter. BUt is 2.66 too high a price? maybe we should wait for it to go lower.
remember buy low sell high
the no. 1 rule in investing
In the last 2 weeks some China stocks are showing signs of live again.
Firstly, CoscoCorp break its resistance of $7.00 and never look back if not for the Sembmarine issue. Even though it dips back to $6.95 but it bounds back strongly the next day.
Then it came China Hongxin, after the 'Black Monday' (actually not so bad afterall), it pick up great momentum and all thanks to the BBs, it seems unstoppable at this moment.
And last Friday 2 more notable break out from Synear and Yanlord.
This 4 companies have huge capital and are one of the market leaders in their industry. They meet the criteria for a good portfolio.
Other China stocks which also huge capital are ChinaXLX, ChinaAOil, China Energy, China Sky, ChinaFish, Ferrochina, MIDAS and Yanzhijiang.
Although in the last few days we don't see much price movement from Yanzhijiang(which is not its characteristic) but then it has create a very close resemblance of an ascending triangle. From what I see it is going to break its $2.70 resistance anytime within this coming week.
China XLX has shown determination to stay above $1.14 and has show some signs of recovery after the recent correction. Seems like it will be testing its resistance of $1.41-$1.43 again.
Just my 2cents worth.