EliteTrader101
Long

HGSH going to the moon?

NASDAQ:HGSH   CHINA HGS REAL ESTATE INC
Strong evidence of accumulation at this balance area as buy limit orders are pressing higher and volume is totally drying up. First target is to 8, then to somewhere above 10.50 at liquidity. Placing stop below 3.85. This stock had good earnings so we have fundamentals backing up this buying campaign. If price can hold above 10.50, then its going higher.

This is perfect timing for the santa clause rally during the last 5 days of Dec and first 2 days of Jan.
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