GoldenAgri
The issuance of convertible bond by GoldenAgri resulted in downward pressure on the stock price. It broke below the sideway range of 0.700 - 0.730 for the past two weeks. As shown on the chart itself, to me, GoldenAgri had completed two harmonic patterns: Bullish Shark Pattern and Bearish 5-0 Pattern.
From a positioning perspective, there are two possible harmonic patterns are in the making. Although the eventual target are may differ (one is 0.860 - 0.940 while the other is 0.470 - 0.540), the short term action may be the same (i.e. looking for a rebound). The possible rebound area is 0.630 - 0.670
China MinZhong
A (speculator) rally of 42% over 1.5 months (from the low of 0.550 to 0.785, tested the upper bound of Downtrend Andrew's Pitchfork) and it is now ...
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