Chart Watch: China Everbright

2016May-China Everbright-800x449

China Everbright

 

2016May-China Everbright-800x449

 

  • After breaking out of its 200MA in Apr and forming another base, stock recent hit another high at $0.71

 

  • Watch to see if it can consolidate constructively in coming days with decreased volume

 

  • A breakout above $0.71 on strong volume consequently will signal further upside

 

  • Stops should be placed just below the low of $0.63