Stock has been on a downward trend. market is falling; but the stock pops fast and high on an earnings report that looks highly suspicious. Interesting how this company's stock popped so high after the SEC sent them a delisting warning. I never trusted any earnings report coming out of China due to their lack of oversight. A 24 hr pop from $1.57 to $4.42 on that trend. What are you kidding me. This is a funny stock. You would have to be blind not to see the deep pullback coming. Be careful of a possible pump. Leave room for an additional pop higher so you don't get hit with a call.
Comments
admin
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definitely looks like a pump, look at the volume
Badisse
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Agreed. The pump is on. Watch for the deep pull back on this one. Volume is lower yet the stock is popping. You got to love these Chinese stocks. They always make those pumps so obvious.