China HongXing has formed a Head & Shoulders and at the edge of breaking out from a triangle. If China HongXing breakout from the triangle and go north with huge volume, the stock may go up to $0.27. Conversely, if the stock breaks out (the triangle support is also the neckline) and heads south, the stock may go down to $0.13.
Allgreen appears to be forming a right shoulder. If the complete Head & Shoulders is formed and Allgreen breaks the neckline of $ 1.08, it may go down to around $ 0.94 region. If the pattern fails, Allgreen will be bullish.
Yanlord appears to have Head & Shoulders pattern failure and breakout from the falling wedge. When there is a pattern failure, the reverse will happen. Current price is above 20D, 50D and 200D MA. My plan is to go long when Yanlord retest $ 2.41 support level and bounces up. Exit Target = $ 2.85.
