Wednesday, July 19, 2017

China Aviation: 1st target almost hit, some profit taking normal, Price 1.785. Is upside over?

Just last week, we spotted some actions in this counter and inner circle was alerted.

It was then at about 1.74 as seen in the chart below and had just started to show some positive signs..

See below chart of what was sent last week…

Targets were drawn too..

For illustration purpose only

Over the past few days, we have indeed seen more strength with it pushing to a high of 1.79 today…

Some profit taking expected near 1.80 which is our first target drawn but upside may not be over.

What about the system?

Well, we saw some good signal very recently….

System aside, let’s see if targets drawn last week can still play out above 1.80 ;)

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