Wednesday, January 5, 2011

CHINA

Here's a trade worth considering, CHINA long

 The 22 day moving average has been important support and resistance.

 the 10-minute 3C chart showed accumulation just before the recent move up and still remains positive.

My Crossover screen is giving a long signal and a stop can be placed under yesterday and today's lows.

It makes for a decent probability and reasonable risk trade.

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