14th June 2011–Pattern Study–China stocks hit bad.

Ticker:

 

1. YOKU, DANG, MOBI, RENN

 

Topic:

 

1. Many China stocks are hit bad.
2. Many below its IPO price.

 

Lesson Learnt:

 

1. FXI is at critical junction.
2. I read on MarketWatch before an article by an editor and he was very bearish on all China stocks before this happen. I could not find it now.
3. Anyway, this is how opportunity is going to be created for LONG position in near future. Watch FXI and all indexes carefully for entry in all these interesting stocks.

 

Intraday Chart

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Historical Chart