Wednesday, January 5, 2011

CSUN

Maybe Chinese stocks are coming into rotation, but looking through charts, I came up with another Chinese trade looking good.


 CSUN 30 min 3C accumulation as it breaks out of a bullish descending Wedge

 I'd give it a little room on the stop as wedge breakouts have been volatile lately, maybe around $4.15 or so.

Here's the wedge breakout. A strong close and rising volume would be very bullish, otherwise we may see a pullback, thus the wider stop.

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