The email address in "Contact AK: Ads and more" above will vanish from November 2018.

PRIVACY POLICY

FAKE ASSI AK71 IN HWZ.

Featured blog.

1M50 CPF millionaire in 2021!

Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.

Archives

"E-book" by AK

Second "e-book".

Another free "e-book".

4th free "e-book".

Pageviews since Dec'09

Financially free and Facebook free!

Recent Comments

ASSI's Guest bloggers

China Hongxing: Retesting resistance.

Friday, August 27, 2010

On 13 August, I suggested that the immediate support was at 14.5c and anyone who bought some in the sessions which saw a low of 14.5c would be laughing to the bank right now.


China Hongxing's volume expanded today as it retested resistance at 17c. Unlike in early August, the technicals are now looking much stronger and China Hongxing's share price could break 17c this time round.

The MACD has turned up and is poised to form a bullish crossover with the signal line in positive territory. Unlike in early August, the MFI is not in overbought territory now and, this coupled with the higher low formed, bodes well for the counter.  Look at the OBV and we see a picture of gradual accumulation.

Overcoming resistance at 17c gives us an immediate target of 19.5c.  Good luck to readers who are vested.

Related post:
Charts in brief: 13 Aug 10 (Part 1).

0 comments:


Monthly Popular Blog Posts

All time ASSI most popular!

 
 
Bloggy Award