AllenLo
Long

RCON is can be a next breakout play

NASDAQ:RCON   RECON TECHNOLOGY LTD
41 0 0
Chart analysis: downside 15-20% against upside 43%. volume is rising in the past few days, RSI reaching 70 (good momentum), MACD trend crossing above the signal line, all sets up for a bullish move ahead.
Fudemental: Hydraulic fracturing "fracking" is a hot topic in all petroleum industry. China needs coal, just recently introduced hydraulic fracturing. RCON can be a good potential buy .
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