CHINA HONGXING SPORTS (23.5 cents) - Poised for breakout
- This counter looks like it is on the long road to recovery
- Break above 21 cents indicates a target of 44 cents
- A break below 21 cents negates the postive outlook
SYNEAR FOOD (33 cents) - Target 45 cents
- Break above 30 cents level indicates an initial target of 45 cents
CHINA ZAINO (28 cents) - Poised for breakout
- Prices are attempting to break above the thrice tested 29 cent level
- Break above 29 cent indicate a target of 40 cents
CHINA NEW TOWN (12.5 cents) - Testing resistance
- Consolidation is taking the form of an ascending triangle
- A successful breakout indicates a target of 21 cents
CHINA SKY (25 cents) - Set for higher levels
- Prices broke out of a multi-month base formation at 19 cents
- An initial target of 30 cents is indicated from the move
CHINA HAIDA (12 cents) - Emerging from downtrend
- Prices are emerging from a long downtrend
- A break above 15 cents provides the impetus for prices to test 21 cents
(Source: TheEdge Singapore August 31, 2009)
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