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The long term trend suggest that it still belongs in the bear territory but the positive thing is it has emerged above 200 day MA and it is likely that its price stays in the current range while waiting for the MAs to reverse. Have faith in this stock and keep it for a year. Dont worry too much about some fluctuations coz the heavy selling days are over.
Bullish engulfing...correct?
didisiaosiao ( Date: 23-Aug-2014 06:49) Posted:
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The Demise of the Founder doesn' t make the prices slammed down further. It gave rise instead.
http://www.facebook.com/groups/350636774966182/
News n reports aside....... the chart n price action seems to suggest a bullish uptrend......
CharlesChen ( Date: 23-Aug-2014 00:58) Posted:
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Seems like there are more bears here....haha. Whenever this counter goes down, this thread becomes very active. Then when it goes up, it became so quiet.
lol.....so easy right?
bigcigar ( Date: 22-Aug-2014 13:37) Posted:
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Just took profit for these 100 lots at 0.56. Keeping the rest for long term :-)
Ya, just chill....Got another 100 lots earlier on at 0.525. Dont worry too much. I am a long term bull :-)
pcxiao2008 ( Date: 22-Aug-2014 15:00) Posted:
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cool..up up up all way!
Haha, since arkema, a french MNC is willing to go into joint venture, they must have done their hm work. Quarter loss and plant shut down due to fire are just small problem since long term contract has been secured....Anyway, the halt is due to Sun Liping passing away.
Latest quarterly result reported a loss yet share price got pumped up nearly 20 percent since that day...then free-fall to 51.5 now Halted.
Plus few months back primary factory had to shut down due to a fire at one plant.
Lots of Question Marks in my Head
Plus few months back primary factory had to shut down due to a fire at one plant.
Lots of Question Marks in my Head
lol.......生 老 病 死 ...........tink its more likely a LONG.......just my opinion.......lol
john_ric ( Date: 22-Aug-2014 13:29) Posted:
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you see.
Halted.
Pattern out now.
Bad bad news.
john_ric ( Date: 22-Aug-2014 10:36) Posted:
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Jit pai liow? Likely hong kan liow!!!! pui
RoundRound ( Date: 22-Aug-2014 13:03) Posted:
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Have been falling since it touches 59c days ago
Trading Halt just announced.....oh oh oh
Haha, not all China Companies have problem. Just let it bounce abit and wait. I have taken half of my holdings off at 0.565 for profit and I will re enter again when the price is right. I dont recommend contra players or investors with low capital for this counter. Day and swing traders should be happy with this kind of counters. for fundamental investors, just hold it till next year Jan and it will be fine :-)
typical PUMP and DUMP case.
remember this is a china company.
0.55 is the first line of defence but there should not be panic if it is breached coz there will not be too much room for a heavy drop and is likely to limit at 0.53/ 0.535.
didisiaosiao ( Date: 20-Aug-2014 19:19) Posted:
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Resistance turn support at 55? No?
CharlesChen ( Date: 20-Aug-2014 11:12) Posted:
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