Thursday, July 11, 2013

***** Trading Buy: Dukang. Share price 0.555 (Short term rebound possible)

Dukang has just crossed above its 20 DAY Short term moving average (Green line) yesterday and has continued to surge higher testing the critical resistance at 0.55. Have attempted a breakout yesterday above 0.55 but failed. Have staged a breakout this morning above 0.55. Currently at Top 10 Volume, likely to see it trend higher if the new support at 0.55 holds. High as of now is at 0.56. Next target to watch would be 0.600 which was quite a key resistance last month then finally at 0.65 which was the recent high. A break above 0.600 can pave the way for it to test recent high fast. Good luck ! J
Stop loss 0.53.
 

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