Friday, December 2, 2011

China Shipping Development Co. Technical Chart | HKSE | 02-Dec-2011

 Here is a technical chart of China Shipping Development Co., listed on Hong King Stock Exchnage, with ichimoku kinko Hyo indicator.

China Shipping Development Co. Technical Chart
China Shipping Development Co. Technical Chart


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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