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Nice volume on breakout
CGA
China Green Agriculture.
For those looking for individual stock picks, CGA broke out of a base last Friday on heavy volume. Prior to the breakout, volume dried up during the early July base. Something to keep on an eye on and worth maybe building a position if this bull in commodities stays intact.
Disclosure: No position.
"Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog
Re: CGA
Nice volume on breakout
Re: CGA
Looks like the breakout should hold in CGA and I think I'm going to wait for this to form a base before considering getting in. I'd like to see 2-4 weeks consolidation in the 9.75-11 area, or a pullback to the 10 WMA before looking for a buy point.
Still no position
"Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog
Re: CGA
New base forming with a strong bid at 12. Pivot point is now 15.
"Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog
Re: CGA
Volume falling, and not much selling pressure even with the China markets getting hammered. Looks like some players are starting to take notice of this one, I see it's getting some love on thestreet.com and motley fool.
Rodman and Renshaw just came out today with coverage.
http://finance.yahoo.com/q/ud?s=CGA
Still no position.
"Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog
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