Entered at $1.85 today 1/23/14 for 1/2 of a position. The massive volume on the day after the gap up was the most this stock has ever seen since it's debut. I am thinking it will hold the top of gap support at $1.67, but will add another 1/2 position on a test of the 50ma ($1.46 and rising). I would stop out on a break and close below $1.45 and My target is...
Originally posted to stocktwits on 1/10/2014, trendlines are the same, just posting this as an updated version that can be refreshed by clicking the right arrow to add bars. Thank you Tradingview. ;)
A huge gap up on massive volume created a 100% increase in 5 days, that constitutes a flagpole in my eyes. I would like to see the price trade tightly and wait for the rising 20ema to meet it, if so I like entry there. The past 4 days of higher lows is telling me it wants to take off again without waiting, despite the elevated rsi. A break of yesterdays high of...
I have no position here, just sharing thoughts on what looks like a good Reward to Risk set up. Note: this is a China stock and trades on low volume, so it can be volatile. I may take a shot at it, will see. ;)
This is my first chart and I am appreciative of any constructive feedback. I see a bullish pennant and I like a strong macd and 20 ema combination for a bounce. I think failure to hold support at the 20 ema could send it down to test $1.60 support. I am long at $1.91 with a mental stop on a break of the 20ema and a PT of $2.30, a 2 to 1 R to R. Would consider...
