CHINA ENV

CHINA ENV - 22TH June 2014 - China Env seems to have a false broke-out on 6th June 2014 as reflected from TA point of view. It is rather quite bearish as it has continued to trend lower after hitting the high of $0.405 on 9th June 2014. Currently, it is trading at 29.5 cents as of 20th June. All 3 indicators are still trending downwards which is quite negative. Breaking down of 29 cents may see it goes lower towards 25.5 cents then 22 cents.(trade base on your own decision)

CHINA ENV - 15TH June 2014 - China Env had a nice reversal thrust-bar on 6th June 2014 and closed very well at 39 cents. The volume was high and this is generally very positive. This is also an indication of Buying interest. All 3 indicators such as MACd,RSI & Stochastic are trending upwards which is rather positive of supporting the share price of heading higher. Current price of 35 cents is still holding up ok. It may attempt to re-test 40 cents . Breaking out of 40 cents may provide the driving force to lead the share price higher towards 45 cents then 50 cents.(trade base on your own decision)