Dear readers, these few days I have been sharing about one stock: Fu Yu stock. If you have not read my posts, you can refer to this link here . Yesterday, Fu Yu stock had an increase in trading volume with the stock price extending its gain once again to the tune of 2.4%. While increase in trading volumes are generally bullish, the stock candlestock of Fu Yu stock yesterday was a “doji”. The stock price went to an intra-day high of $0.22 before closing at $0.21. If yesterday’s stock price candlestick of Fu Yu stock had been bullish, it might be a good confirmation of a rally next. Currently, Fu Yu stock is Overbought.
I have a bullish view on Fu Yu provided that the investing position in this stock is a long-term one. The fundamentals of this stock looks great with potential of privatization and dividends ......