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.

China Shipping Development Co. Technical Chart | HKSE | 02-Dec-2011
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https://www.dodacharts.com/wp-content/uploads/2011/12/china-shipping.gifhttps://www.dodacharts.com/wp-content/uploads/2011/12/china-shipping.gifadminHong Kongbreakout,call,China,china shipping,Dec,Development,development co,Exchnage,Hong,Hyo,indicator,King,kinko hyo,kumo,line,loss,nbsp,observation,sen,Shipping,stock,stock exchnage,stop,stop loss,target,technical,trading 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,...Technical Analysis of Stocks & Forex