Tuesday, January 5, 2016

Luzhou Bio-Chem: Heading towards the 0.055 target as mentioned this morning?

What a run up seen !!!! Now at 0.048 with volume topping further…..

Sent: Tuesday, January 05, 2016 10:25 AM
Subject: ***************** Luzhou Bio-Chem: Short term speculative play on volume..... huge breakout, momentum may continue above 0.040... price 0.040
We have a strong volume breakout above the 0.035 – 0.037 resistance level where it has consolidated below since August on low volume. Today’s way above average volume can mean something especially if it stays above the 0.035 new support level now. Momentum can continue if it stays above 0.040 now with target to 0.050 then 0.055 which was the previous high in July and May. Stop loss strictly below 0.035 with position sizing. Raise stop loss to above break even on more upticks.

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