Third Trial (2010-08-25 1228.HK analysis)

Today I would recommend a small stock --- Superb Summit International Timber Co. Ltd. (1228.HK), whatever. It is engaged in the (i) exploitation and management of timber resources in the PRC and (ii) marketing and sales of a wide range of timber products (from aastocks).



The stock is now at 0.255, which is just at the resistance level. We can see that there is an abnormal large volume on 23/8 with no big price change. I can't stop myself thinking that corporate investors are buying this stock and would eventually lead the price upwards.

On other hand, we can see that those corporate investors had tried twice to bring the price up, both stopped at around 0.44. However, the volume after these two times was not too large, so we may conclude that they are still holding this stock.

It should be almost time for them to have a third trial. Stop loss should be placed at around 0.235.

I will put a small amount of my virtual portfolio into it using the open price, and I will update the blog that time.