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Author Topic: China Fishery Group Limited 中渔集团  (Read 1670 times)

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Lion

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China Fishery Group Limited 中渔集团
« on: August 31, 2007, 04:41:15 PM »
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Lion

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Re: China Fishery Group Limited 中渔集团
« Reply #1 on: September 19, 2007, 12:11:26 AM »
2007-09-18 daily chart ($1.97)

China Fish Technical Analysis:

Comments:

Daily Chart - stock falls 3.4% on substantial increase in volume. ADX has underwent both DI's for a short period and has crossed up above DI+ to produce a bearish signal. Daliy macd added another with a bearish signal crossing which was last seen in early-Aug

Conclude: stock could slide further for a test of breakout resist at $1.60 back in early-Jan

Chart created with ChartNexus charting software

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Lion

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Re: China Fishery Group Limited 中渔集团
« Reply #2 on: November 20, 2007, 01:44:42 PM »
2007-11-19 weekly chart ($1.55)

China Fish Technical Analysis:

Comments: Major Head & Shoulder Top breakout

Weekly Chart - I think there's nothing much to explain about the bearish pattern breakout  :(

Conclude: Logarithmic target ($1.08) / Linear Target ($0.65)

Chart created with ChartNexus charting software
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HC

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Re: China Fishery Group Limited 中渔集团
« Reply #3 on: January 03, 2008, 10:11:35 PM »
China Fishery (2008-01-03 Closing Price $1.79)

Triangle formation breakdown.  If there is follow through, better run fast!
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HC

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Re: China Fishery Group Limited 中渔集团
« Reply #4 on: February 12, 2008, 08:32:00 PM »
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.
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HC

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Re: China Fishery Group Limited 中渔集团
« Reply #5 on: May 22, 2008, 09:22:00 PM »
China Fishery (2008-05-22 Closing Price $1.94)

As price approaches the 2.00 resistance, volume shrinks and price prints small body candles and doji.  I think these are signs of hesitation and market is not ready to overcome this resistance, yet.
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HC

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Re: China Fishery Group Limited 中渔集团
« Reply #6 on: September 30, 2008, 08:10:33 PM »
China Fishery (2008-09-30 Closing Price $1.01)

Price printed a hammer today, show the support of this counter below 0.95.  But the multi-month down trend line still intact.  We have to wait till a this is broken before we can hope of a reversal.
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jjs

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Re: China Fishery Group Limited 中渔集团
« Reply #7 on: October 14, 2008, 11:02:15 PM »
The last RSI divergence was capped by the down trend.  No reason to believe that it's gonna be different for the present one.
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HC

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Re: China Fishery Group Limited 中渔集团
« Reply #8 on: February 11, 2009, 06:11:51 PM »
China Fishery (2009-02-11 Closing Price $0.60)

Price is now pushing resistance at 0.61+-, next resistance if this is broken will be at 0.72.
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HC

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Re: China Fishery Group Limited 中渔集团
« Reply #9 on: May 25, 2009, 09:34:27 PM »
China Fishery (2009-05-25 Closing Price $1.13)

China Fishery is now facing resistance at 1.15+-, which is also 261.8% fibo extension.  Let us see how price react here first.

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Lion

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Re: China Fishery Group Limited 中渔集团
« Reply #10 on: March 01, 2010, 11:59:42 PM »
China Fishery [2010-03-01] - $1.80

Hidden bullish divergence found and stock rebound immediately on volume surge, giving a good chance of further advance in near term

Potential gain - 1.90 (about 5.5% gain)
Tight stop-loss - 1.74 on closing
Validity - 1 week or upon breaking of support/resist

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Lion

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China Fish - 1.90 target hit ! (current analysis closed)
« Reply #11 on: March 04, 2010, 09:05:24 AM »
Bingo! This morning stock rise on open to 1.91 , 5.5% gain completed :)

Cheers!
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