Press release on GSH today - Lippo and private equity fund, SkyVen, subscribe 395 million shares in GSH Corp for $37.5 million. Has broken above the consolidation phase of 0.110. Has been trading side since April last year till today. A clear breakout seen today on new shares placement agreement. TOP volume seen currently. Support remains at 0.11 strongly for the longer term investors. Opened at 0.122 today on gapped up.
More upside possible, immediate target to 0.130 psychological resistance level. A break above 0.130 can see it go up to 0.14 to 0.16. Note that the High in April last year was 0.158. A pretty decent gap to close.
Stop loss at 0.118
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