China HongXing demonstrated a similar trend like Synear. Today the stock closed at $0.25 with a gravestone doji (end of the short term up trend) where the bear tried to push the price back to the channel. If the stock price returns to the channel and starts the retracement, I will target to enter the trade at $0.21 and exit at $0.26 with a profit target of 24% within a two weeks trade.
Finally see sign of retracement of Synear after the stock price closed at $0.34 today with a black candle. My timing was perfect in the last cycle when I bought Synear at $0.275 and sold at $0.34, making a handsome 21% profit in 6 days!
I predict the stock price will retrace back to $0.30 stay and inside the channel. My next swing trading plan is to enter the trade at $0.30 and exit at $0.36 with profit target of 20%. Wish my prediction comes true!
