re: broken resistance levels I see the weekly chart has double bottomed feb & sept this year coming off a double top, hence my bullish view. Next resistance is at $7.50 on both daily & weekly charts. It looks strong and with China, well I feel there is news coming and no-one could say opening of the factory in Suzhou was to the company's detriment, best move they made (IMO). perhaps they are opening further factories ahead of schedule, they are market leaders in pre-engineered buildings in China, a huge market.
It looks very strong at present and because its coming off that double top - (yes is was a year ago, I know...) the up side potential could see around $7.80 - 8.00 as a realistic target mid term, like 4 - 6 weeks should it push past $7.50.
But, I am a biased holder - as usual - DYOR.
Cheers
re: broken resistance levels I see the weekly chart has double...
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$20.43 |
Change
0.110(0.54%) |
Mkt cap ! $8.990B | |||
| Open | High | Low | Value | Volume |
| $20.32 | $20.58 | $20.15 | $35.06M | 1.717M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 308 | $20.42 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.43 | 3123 | 2 |
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