Tuesday, January 5, 2010
| 4 comments |
SINA: My new favorite
This looks like a coiled spring, waiting for a large breakout. A great way to catch some hot Chinese stock action:
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About The Author
I will be using this site to post charts and info on stocks that I want to keep an eye on. This blog will be used as a personal reminder of all the stocks I'm watching.
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Keep watching the charts for breakouts... Updated regularly with the best looking charts I can find.
Nothing on this site should be considered investment advice, it is for my own personal use.
4 comments:
I will be backing up the truck if this gets anywhere near 43.50 again... This pattern is almost too perfect!
Not only is this a beautiful chart, HUGE news just came out tonight... GOOG may be pulling out of China.. leaving one less competitor in the online ad space in China! This should start moving with BIDU (up 27 points after hours tonight).
It looks as if a big shareholder is trying to get out of this stock. For days, this pushes up then gets sold off hard... Even with the selling, it is holding up relatively well. It has been making higher lows since the beginning of December. When the large seller is out, this should move up quickly.
SINA held the earnings gap today, barely. If it closes below that, this trade is dead. I'm anticipating buyers to step in tomorrow and pick these shares up at support.
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