Above is the daily chart of Wing Hing International (Holdings) Ltd. (0621.HK). The group's main works are the operations of coal mines and leasing of mining licenses in the People's Republic of China (the "PRC") and sale of mineral products. (from http://aastocks.com)
Starting from few years ago until 2009, the stock had been moving sideways and had extremely low volatility. In 2009 to beginning of 2010, the price boosted. Especially in 2010, it is quite obvious there corporate investors were trying to lift the price.
Nevertheless, when the price reached 0.50, the stock started to move sideways again. This was because 0.50 is an important boundary, spread widens and it takes more time and money for those rich investors to bring the price up.
While we might suspect that shares were being dumped after the rise in early 2010, recent movements proved the opposite.
In April 2011, the price rocketed to as high as 0.81. Obviously, rich investors were still holding their shares, and they would like to find out how large the selling force is at the high. This is to prepare another crazy surge in near future.
This time the price will break 0.81 and could reach 1.0, which is another spread boundary. And this stock is good to buy as it would probably give you more than 40% profits in less than one month.
But again, remember to set stop-loss for such kind of stock.
下星期...22100見....franco..^^
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