11th Oct 2011–Pattern Study - Everyone says invest in CHINA!

Ticker:

 

1. CHINA

 

Topic:

 

1. Make sure you know which CHINA to invest in.

 

Lesson Learnt:

 

1. You can still make $$ if you invest accordingly every time it came to the long term support line, but make sure you have the stop loss point tightly guarded.
2. Once the chart passed the final support line (in this case is ~$2.00), you should no longer go long unless you are very sure there is sign of life.

 

Intraday Chart

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Historical Chart