Today I would like to recommend a small stock--- Greenfield Chemical Holdings Ltd. (0582.HK). Actually I only knew it when I looked through the top10 %rise of Hong Kong stocks on Friday. It surged 15.556% yesterday.
Potential rise for this stock is to 4.72 (from 2.08 now). But after checking the chart and candlesticks, I even have a higher anticipation on it. Let me explain why I think so.
Firstly, we could see that this stock had really low volatility after dropping from its high of 6.4. We could treat this horizontal areas from Oct08 - Jun09
and Jun09 - Nov09 as the collection period by some rich people. Then there was a crazy rise to 3.26. After reaching 3.26, we could see that the stock had a very low volume, showing that these rich people are not selling their numerous stocks. So we can expect that this stock would be traded upwards once again.
Technical indicators further enhanced by view. The 15.56% gain break all the moving averages at the same time. This gives the sign for bulls. Therefore, let's long this stock!
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