Tuesday, October 1, 2013

******** Uptrend still in Placed: China Env. Share price 0.57. ( Supported above 0.500)

Following up from BUY trading call made last Friday. China Env has broken up above the 0.55 resistance further and looks set to test the 0.600 real soon. Ultimate support at 0.500 currently so as long as this support holds, still a good counter to hold in the midterm to continue to ride the uptrend. Likely to consolidate from 0.55 to 0.58 in the next few days before more upside. Can also consider accumulating on dips as long as it is above the 0.500 critical support level. A break above 0.60 can pave the way to 0.64 and 0.65 level then 0.700. Still poised to trade higher with key support still holding. Only the downside breakdown of 0.500 will invalidate out bullish scenario.
Stop loss at 0.485

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