Friday, February 8, 2013

Consolidating currently: Ying Li. Share price 0.465. Possible breakout.

Has been trading above the 0.45 level which it broke above more than a week ago. Currently consolidating from 0.455 to 0.495 (4 cents trading range). Immediate support level remains at 0.45 now. As long as 0.45 level is not broken below, we remain bullish with a target price of 0.600 if the critical 0.500 resistance level is taken out. Possible to accumulate during trading range and await breakout. We will average up on any breakout above 0.500.

Stop loss at 0.435.

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