Following up from BUY trading call made 2 days ago on 21 Aug 2013. China Env has announced a proposed placement of up to 65m new ordinary shares yesterday evening. It has broken above the 0.300 psychological level today on TOP 5 Volume after breaking above the 0.275 temp resistance 2 days back. Currently at a all time high and likely to push higher further to head to 0.35 to 0.40 level. As long as 0.300 holds as new support, we are bullish with a short term target to 0.35 then 0.38 first.
Stop loss at 0.285
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