SmoothJB

$EVK

Long
NASDAQ:EVK   None
Ever-Glory International Group Inc (NASDAQ:EVK) A closer look on the 4h daily chart of EVK reveals a potential rounding bottom reversal pattern. The short term trend is starting to turn up and momentum appears to be in favour of another strong upside. A sustained move above 3.80 will signal further presence of buyers and will provide more strength to the bulls, this could trigger acceleration to the upside with $5 as the next target (gap zone). Presently, it is trading above all minor EMA lines and candles are generating trend reversal signals. All odds are in favor of the bulls and indicating a bullish signal. I'm long.
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