BillionaireUnicorn
Long

BORN accumulation around $1.50 area

NYSE:BORN   CHINA NEW BORUN CORP
Holding $BORN at a $1.50 average. Following the main idea of Shanghai Index recent breakout, $BORN looks nearly ready for some action after accumulation around the $1.50 area for the whole year.
Exciting days could be around the corner as earnings are announced tomorrow. But it could need up to one extra month to break current symmetrical triangle ( bullish pattern ).
Comment: Yesterday it fakeout after earnings news, but recovered with strong volume into close, which is very bullish action.
Trade keeps active and watching out closely how it evolves.

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