China Animal Healthcare’s is currently still trading on an uptrend but this stock is reaching 3 years high.
- Currently ChinaAniH is testing the resistance at about $0.36. If this stock can stay above this level, the next resistance is at $0.43. Rolling PE at this level is 18.2.
- If ChinaAniH fails to break this resistance, base on the chart, it is better to wait for ChinaAniH to pull back to between $0.30 to $0.32 (close to the uptrend support and 78.6% Fibonacci Retracement Support) for a safe entry for long term investment.
- Current Price = $0.365
- Current PE = 16.53
- Rolling PE = 15.46
- FY08 PE = 21.33
- FY07 PE = 50.2
Refer to the previous Fundamental Analysis on this China Animal Heatlhcare.
My Rule for timing Entry and Exit Point (for reference)
- Buy Near Support, Sell Near Resistance.
- Never Chase a Stock Price.