Above is the daily chart of Interchina Holdings Co. Ltd. (0202.HK). It surged around 7% yesterday which made me put some attention on the stock.
For the fundamental, the Company and its subsidiaries are principally engaged in (i) environmental protection and water treatment operation, (ii) property investment operation and (iii) securities and financial operation. (from http://www.aastocks.com)
I found that it is currently testing the upper line of red wedge. After breaking out, it would have another crazy boost again.
In terms of corporate investors, obviously they were buying shares at around the green wedge before. Average price was at around 0.86. The price of the stock is now 1.4, which is not even double of the buy-price of these investors.
I expect that the stock price will keep on rising in the near future to let corporate investors get bigger room of profits.
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