Dear readers, we have been seeing some rather good action in a good fundamental stock. This stock is undervalued with a Price-to-Book ratio of 0.90 and a high dividend yields of 7.61%. And this stock does not have debt. What is this stock? Well it is none other than Fu Yu Corporation Limited.

The rallying action commenced on 4 Oct 2017 when the 5-days-moving average started to rise and branched out from its 20-days-moving average, crossing the 50-days-moving average on 9 Oct 2017 with the next target of 100-days-moving average set to be firmly in sight. Yesterday, trading was on a high volume rising to an intra-day high of $0.205 before closing the trading day yesterday lower at $0.197. The long upper tail formed by the stock candlestick yesterday seemed to suggest that the resistance at $0.205 was rather strong and not sure whether that …