China Fishery (2008-02-12 Closing Price $1.71)
Some interesting observations:
1. The price fall since the breakdown of triangle formation is of low volume.
2. Price hitting a lower low of 1.25 and rebounded, but RSI did a bullish divergence.
3. OBV has now edged high then when it is in the triangle formation before breakdown.
4. Price is now pushing the downward resisting trend line, while the congestion looks like a flag formation.
Judging from all the above, I would watch for upside breakout, with immediate resistance at 1.80 (minor) and 2.00.
