iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

The Profit: CAGC, China Can Rebound

Look at all that profit taking!  It came right at a descending wedge triangle.  What I like about it is that it sold off right near it’s high.  Don’t buy on the dip, buy on the rebound.  That means grab some cheap shares above the line.

Buy range:  25.90 – 26.xx

Then set the stop-loss just below the line.

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4 comments

  1. allan

    3 posts in one day? welcome back 🙂

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  2. hooper

    Gio

    What is your take on CGA

    Thanks

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  3. OpihiMan

    Gio

    You posted this CAGC chart on your HITK post.

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  4. OpihiMan

    I think you were eyeing FUQI as a short at one time, but I can’t recall how long ago that was. . .

    Wonder who caught that -37% drop yesterday? Not me, rats.

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