Dapai – Break or Bounce?

Dapai previously know as China Zaino. The stock price is currently testing 50D and 200D MA resistance at about $0.24 to $0.245.  This level is also an important 61.8% Fibonacci Retracement Level.  Also take note that 20D MA has started to reverve to head up. If this resistance is broken, there is a good chance Dapai will start to get bullish. However, we have to watch for a healthy volume for a this breaking of resistance.

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  1. Marubozu

    Dapai failed to break the resistance. Bounced down!

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