Monday, October 21, 2013

********* Potential Breakout Seen: China Env. Share price 0.600. ( Can the 0.600 clear out Convincingly? )

Following up from Buy Trading call on 1 Oct 2013. China Env has consolidated above the 20 DAY MA (Green line) despite market weakness for the past 3 weeks. 0.600 remains as critical resistance to cross above before more upside can be seen. More on a aggressive buy on breakout play if the 0.605 and 0.61 level clears out. Possible target to 0.65 and 0.700 then.
Stop loss at 0.58 for long positions on breakout.
 

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