Home > Uncategorized > China Hongxing making higher low

China Hongxing making higher low

Looking that Eratat has already make a move, China Hongxing might be next. With higher low formed and breaking out of trendline, it is worth a look again. Lim and Tan has some unfavorable report due to possible write-down of receivables. The good thing is the counter party for this trade is also another brokerage firm.

Just to add on, using weekly chart instead of daily chart results in a longer time-frame outlook.

Vested interest.

2011Jan-China Hongx-800x600

High low is formed on weekly chart

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