Nashwan

Godd News with Braking the Channel

NASDAQ:CAAS   CHINA AUTOMOTIVE SYSTEMS INC
97 1 4
I would like to invest in this company , that recorded high sales for the third quarter in the company history, as their sales accelerated to 24.2% year-over-year in the third quarter of 2013 from a 21.8% year-over-year increase in the second quarter of 2013. they have reported the highest sales for any first, second and third quarters in 2013, resulting in a 22% year-over-year increase to a record high sales of $286 million for the first nine months of 2013.
But the most important think is the PE with 9.16 which is great followed by 0.92 PEG and 9.60 Forward PE and no Dept , i think if we could have a close above 8.46 today with high volume it would be a good signal to go bullish toward 10.50 -13 minimum
Still not break the resistance
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