Thursday, September 30, 2010

Ready for long positions (2010-09-30 ICBC analysis)



After waiting for such a long time, finally ICBC was back to its resistance line and is testing this level. The bullish cross by MACD and EMA, as well as the increase in volume, further enhances the price and chance for breakout is lifted. The price could possible rise up to area around 6.5 after breakout confirms. Ready to buy?

JPHK would probably add this stock too.

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