Spotted another S-chip stock China Zaino besides Synear and China Hongxing. The patterns for these three stocks are very similar (had breakout and swing inside the up trend channel). China Zaino’s fundamental is pretty solid and can be kept as value investment. My strategy for this stock is to buy some for long term investment and some for short term momentum investment. Target entry point is $0.28 and exit point is $0.335 (about 20% profit target). Next strong support is $0.27 (61.8% Finonacci Retracement level).
- Post author:Marubozu
- Post published:September 9, 2009
- Post category:China Zaino / Swing Trading
- Post comments:0 Comments
Tags: Up Trend Channel