Here is a technical chart of China Shipping Development Co., listed on Hong King Stock Exchnage, with ichimoku kinko Hyo indicator.
After giving a kumo breakout on 16-Nov-2011 @5.16, this stock is moving downward. But interesting observation here is that Kijun-Sen line is not moving downward – it’s flat. So, it can attract price in short term. One can buy this stock for a target of 5.553. Make a stop loss of 4.30.
Remember, this is a short term trading call. The chart is still weak in weekly chart.
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Filed Under: Hong Kong