This is a great one! While it is still below support levels, I say it touches the 50MA by the end of the week, compare it to other small cap chinese …more
This is a great one! While it is still below support levels, I say it touches the 50MA by the end of the week, compare it to other small cap chinese stocks ... holding it beyond the 50MA might be too risky, though it has some ceiling room (remember this one tends to trade in inverse to sentiment toward the overall health of the US Market). I would just take the 40% gain and run!!!
currently below its major support level. Take a position with stop loss, watch for possible 25 (depends on the news) expect a $2.00 pop by end of the week, dripping back a little, buy big position on this pull back with stops of course, begin to trim profits once it reaches 29.38, pay attention to the orders, if large go in while it is still under 29.00, you may want to hold your positions a little longer with ladder stops.
this week take a small position initially (if it closes at or above 7.48), this can go anywhere, if up double position at 8, if it drops the following day, wait and double your position once it drips down to 6.64, if not, there is strong support at 5.33, but if it breaks that - shorts and selling pressure may drive this below 52week low. Though I dont see the latter happening, thats why you should play this one with the sector.
wait till this one touches the 50MA and candle is positive, if you get a bull engulfing signal, go, go go , if not let it consoldiate around 11 - if so then play the channel and stop out at 10.34 worst case
sell CCE once it touches resistance level 12.53 sell if it just lags below 12 this week sell by the end of the week, get out take profits and come back 3 weeks from now and rebuy when it is down to 8 or 10, depends on market forces.
On the next pop, take back cost basis before it drops again to the this price again, while it takes monts to considate at this range, leave your initial profits in and collect the divs for years to come
Below the MA, nearly of its Multiple Bottom, wait for RSI to cross 48, while market is down time to buy and watch the par entries on Level II on a volumous day
FA: Still making a profit
BA: hell, its another financial, and its Jan 09 what do you think?
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FA: Still making a profit
BA: hell, its another financial, and its Jan 09 what do you think?
Comments: 1 | Comment
Comments: 1 | Comment
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