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NikkiYu
Jun 28, 2017 2:03 PM

China Shenhua - Gapup Long Recovery towards 27  Long

CHINA SHENHUA ENERGY COMPANY LTDHKEX

Description

A stock that's moved 90% up from lows which is a 1.414 Fibonacci retracement on the monthly and a nice gapup on the weekly shows me this is a bullish recovery reversal. Although understandable that 19.46 will act as temporary resistance, the more this stays above 18, I will see a persistence for this to go as high as 23-27 in the next year or so :)
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