CNET - MAY HAVE FOUND SUPPORT AT THE 7MA.
WE ARE SEEING PARALLEL STRUCTURE HERE
ON THE PRICE ACTION. RSI BEARISH, BUT MACD
STIL BULLISH. MAY JUST BE A PULLBACK TO SUPPORT
BEFORE A HIGHER PUSH FOR PROFIT.
CNET bounced right off fib line on heavy morning volume, almost like free money, then retraced 50% of the move mid day for a second run to reach a new HOD.
This strategic partnership between ChinaNet and Jingtum is focused on blockchain technology to build a credible, fair and transparent platform for business opportunities and transactions. Both companies will aim to develop credible, traceable, and highly secured blockchain applications for business entities.
globenewswire.com
Financially this stock should targeting higher with
PEG = 0.65 and P/E =6.54 P/S = 0.55 P/B = 0.41 that mean the stock is undervalue , Technically the stock break 50 SMA on Weekly and 200 SMA on Daily also break the downtrend seen with unusual volume increased buying from 0.85 could be a great chance targeting 1.20 as first target then we would forward 2 $...
The Triple Bottom Reversal is a bullish reversal pattern typically found on bar charts, line charts and candlestick charts. There are three equal lows followed by a break above resistance. As major reversal patterns, these patterns usually form over a 3- to 6-month period. please comment
Chinanet shares reached an incredible evaluation this month, from 1$ up to 4$. There are some positive news that probably had catalized this strong uptrend. First of all the company is in discussions for a partnership with Alibaba's online shopping unit Taobao. On September 22 ChinaNet Online Holdings announced that the company won the Best Company in Chinese...
