Just about 2 weeks back, we spotted some bullish actions with China Sunsine pushing above the 1.16 level…
Some short term upside was expected as seen when it also crossed above the psychological 1.20..
Which was also above the 100 day MA line which can be a sign of upside reversal taking shape…
Some targets were drawn towards 1.25 then about 1.45 as seen below…
Over the past 1 week, we have seen some profit taking near the 1.35 level…
Which is halfway towards our 2nd target..
Seems like buyers are still trying to defend the 1.30 support for now with buy ups seen on any dips…
Target as drawn previously may be on track….
We actually had a 1ET Bullish entry signal on the System, still no exits…
Watching for now… would want to take some profits along the way too..
See targets that were reiterated again last week below…
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