Well, today unexpectedly strong bullish candle close above the high of past 2 days candles. And most importantly, it close above the long term trendline and critical 3200. News have it that the Chinese government may delayed interest rate hike after CNY, giving rise to speculation that a new year rally might be possible. Whether this is the fact or something else, it is hard to give a definite answer and we should tread carefully.
To make money in this market, one can either BUY or SELL. Let's look at this counter Broadway Industrial Group. It clearly breaks below the critical support 1.00 on strong volume, targeting 0.935 as short term target. Worst come to worst, intermediate term is 0.75. Let's eye if this is another LongCheer in the making!
Happy profit, wish everyone have their hongbao!!!
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