DK1
Long

MY, Potential Long Position

MY (BATS:MY)  
BATS:MY   MY
120 0 0
China Ming Yang Wind Power Group Limited (MY) has recently began an uptrend beginning in 2012. Accum/Dist follows the share price movements, and BBW seems to have higher highs and higher lows indicating the share price will continue to trend upward.

In October of 2013             , MY broke resistance from Oct             . 2011 @ $3.30, then fell back to low 2's before bouncing again.

MY is currently trading at $2.46, I am predicting that MY will continue to have higher highs ang higher lows accoring to the trendlines shown. If this continues MY may reach a share price of $6.50 or higher before encountering strong resistance from July 2011 @ $6.70.

Prediction: Price Target: $6.40 by March 2015 (165% gain in14 months)
Stop Loss: $1.80 (27% loss)
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