China Wheel (E94) Gem Spotted
China Wheel (E94) depicted a so beautiful chart today. To me is a breakout off the Trend Line! The MACD was perfect for entry with + ve crossed in below Equilibrium. Meaning a good upside room can be expected. In tandem, the D+ve just Crossed above D-ve. I like to use CCI to confirm the Overbought State. It is now showing a cut above the -100 and towards the 100 zone – an ideal call for a Buy! A target price of 0.375 (near 61.8 retracement) should be aimed for. But it has to clear the 1st level of resistance at .330.
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