MY, Potential Long Position
China Ming Yang Wind Power Group Limited (MY) has recently began an uptrend beginning in 2012. Accum/Dist follows the share price movements, and BBW seems to have higher highs and higher lows indicating the share price will continue to trend upward.
In October of 2013, MY broke resistance from Oct. 2011 @ $3.30, then fell back to low 2's before bouncing again.
MY is currently trading at $2.46, I am predicting that MY will continue to have higher highs ang higher lows accoring to the trendlines shown. If this continues MY may reach a share price of $6.50 or higher before encountering strong resistance from July 2011 @ $6.70.
Prediction: Price Target: $6.40 by March 2015 (165% gain in14 months)
Stop Loss: $1.80 (27% loss)
In October of 2013, MY broke resistance from Oct. 2011 @ $3.30, then fell back to low 2's before bouncing again.
MY is currently trading at $2.46, I am predicting that MY will continue to have higher highs ang higher lows accoring to the trendlines shown. If this continues MY may reach a share price of $6.50 or higher before encountering strong resistance from July 2011 @ $6.70.
Prediction: Price Target: $6.40 by March 2015 (165% gain in14 months)
Stop Loss: $1.80 (27% loss)
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