vppbss
Long

358 has a head and shoulder pattern.

HKEX:358   JIANGXI COPPER
HKEX:358 gap up and stay over the neck line of the head and shoulder pattern with high volume supported. Target at 11.5.
However, as the RSI is high. It might have an adjustment in the near future. The raising wave will be negated if it turn back under 9.58.
Comment: Expected adjustment happened. Keep on going to the target.
Trade closed: target reached: Today highest is 11.4. Although it does not reach 11.5, it has a shooting star pattern with high RSI. Close the position.
Comment: Close position with 7.5% profit.
Expected adjustment happened. Keep on going to the target.
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