Holding $BORN at a $1.50 average. Following the main idea of Shanghai Index recent breakout, $BORN looks nearly ready for some action after accumulation around the $1.50 area for the whole year.
Exciting days could be around the corner as earnings are announced tomorrow. But it could need up to one extra month to break current symmetrical triangle (bullish pattern).
Not sure if you are aware of the culture view of beer and how it is shifting, or the way the industry works in China (much different than here); however, from spending a lot of time over there I see this company as having huge potential over the next few years.
Absolutely banked going long at the bell. Ripped .40 out of it in literally 3 minutes. I remain long bias these China runners because it is so much easier to buy the breakout than to try to short a breakdown in my opinion. Looks like it made a run at 4.50 level but didn't have the mojo...I'm going back to bed but I would keep a close eye on this one for a trade...