Just last week, we spotted some strength in China Sunsine with it approaching the 0.96 level…
Has been consolidating below 0.96 for more than 2 months and was expecting a move above.
There were some UPSIDE target drawn too as seen below....
Uptrend was still intact and indicators also looked good then…
See what I mean below..
Over the past few days, we have seen it trader higher and even the 1.00 psychological level gave way too…
Today a further push up with it seeing a high at 1.10 before some profit taking. Has hit our first target as drawn...
We may see some consolidation below 1.10 for now before an attempt to push higher which can see the upside continue.
Looking for more specific price action for the next move up but short term uptrend still looks good above 1.05 now…
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