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Callyflakes

HKEX:868 Xinyi Glass awaiting break of short-term structure for

Long
XINYI GLASS HLDGS (HKEX:868)  
Callyflakes  
HKEX:868   XINYI GLASS HLDGS
Trend Analysis hongkongstocks Stocks hkex
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trendanalysis hongkongstocks stocks hkex
HKEX:868 Xinyi Glass has formed a flag pattern in the past two weeks. This sits within an uptrending regression channel. It should rebound off $19.26, and then, if it breaks out of the short-term down channel (marked by the two red lines), and hits resistance level 20.64, I expect it to rocket up to~$23.50. Timeframe ~21 trading days.
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