China HongXing: Is the Bull Coming?

  • Post author:

China HongXing moves above all 3 Moving Averages today. Other bullish technical signs are observed too:

  • 20D MA starts to head up to cross 50D MA.
  • RSI and Stochastic starts heading north.
  • MACD starts to get bullish signal.
  • Stock Price is on top of Parabolic SAR.
  • Stock Price at the upper Bollinger Band.

China HongXing finds a good support at 200D MA at about $0.155.  Everything looks good but now the only thing is to closely observe whether there is enough sustainable trading volume to kick the bull to run!

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Eratat: On Up Trend

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Eratat is current trading on uptrend. However, Eratat may pull back as the stock is hitting the 78.6% Fibonacci Resistance at about $0.239. $0.21 (the uptrend support) is a good entry level for short term trade as long as Eratat stays above this uptrend support line.

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