China HongXing looks like breaking out from a Flag pattern with a spike in trading volume. The stock also breaks the 200D MA resistance which is also 50D MA resistance. Other technical indicators like MACD, Bollinger Band, Parabolic SAR, Stochastic, RSI show bullish signal. Also take note that 20D MA crosses up 200D MA, which is another bullish momentum signal. It looks like China HongXing is starting a bull run!
- Post author:Marubozu
- Post published:August 27, 2010
- Post category:China HongXing
- Post comments:3 Comments