Magicleverage
Long

BORN: a sleepy dragon ?!

NYSE:BORN   CHINA NEW BORUN CORP
20 0 1
BORN is one of those sleepy chinese stocks that when woken up can gain double digit %. A fair value would be AT LEAST 7.50$, the company has plenty of cash and the last earnings were all killers and were above analysts expectations. Upgraded to BUY by the Street analysts also but who cares about those analysts, right ? ;p

Just look at the chart. On balance volume is BEAUTIFUL (one of my favorite indicator) and price is in a steady uptrend. Beautiful Technical Analysis pattern also in daily and weekly. IF/WHEN we break by the upside, BORN is gonna fly and be ready for double % gains fast.

Chinese stocks could be speculative but BORN hasn't been discovered yet. Be prepared for a big green candle, buyers will rush into after we break 4.30/50 to play the break out which could lead us to 7.50$

Good luck to all !
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