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.
- Post author:Marubozu
- Post published:September 3, 2009
- Post category:China HongXing / Swing Trading
- Post comments:0 Comments
Tags: Up Trend Channel