Wednesday, August 23, 2017

China Sunsine: A rebound caught, may still be in progress, Price 0.85




We actually saw China Sunsine traded to a high at 0.95 before profit taking returned..


From the system, yes...


We did see some exit signals before China Sunsine began its descent lower over the past 3 weeks. Pti grads can check...


However, just a few days back, we started to see some positive actions...


A note was sent on Monday where I mentioned about a potential rebound... Price was then at about 0.79.


See below chart that was sent with some upside targets drawn....


For illustration purpose only



Just yesterday, we saw the 0.800 level clearing out…. Giving way to more strength…


Seeing some resistance at 0.85 – 0.86 for now but upside to target can still continues if this clears…


Back to 0.90 then 0.95 as per targets drawn?


Let's see… Longer trend uptrend still looks fine above 0.80...


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