Today I found a small stock which looks like it would have a crazy surge soon. Kaisa Group (1638.HK) is a property company in the property development, property investment, property management and project consultancy businesses, mainly in Mainland China.
From the daily chart above, we can see that the price has been moving in a short range for almost half year. Such short range tells us that corporate investors are collecting shares, and sometimes there was abnormal large volume, like that in early October.
At this moment, all the moving averages converge and the price hit the long term resistant. A breakout of the resistant could be an excuse for the price to be lifted. It is almost the time for a big boost.
I would put it into my watchlist and probably add it into JPHK. First target is 2.25.
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