Few stocks that are potentially setting up for a move higher:
Yangjie Technology (300373.SZ): consolidating on tight volume (SL @ 39.5)
Sanquan Food (002216.SZ): undercut 50DMA recently, consolidating on low volume, low risk entry with SL @ 31.86
Chongqing Brewery (600132.SS): This one already seems to be an investor favorite. Notice how it barely came out of short term trend couple of times and bounced back quickly.
Longi Green (601012.SS): Another investor favorite! SL @ 69.76
China Life Insurance (601628.SS): consolidating nicely, buy the break of 47.78, SL @ 44.53
China Tourism-A (601888.SS): interesting to see a Travel services name pop up on my list. Been consolidating for a couple of months, good to buy between 220-230 with SL @ 213
Charts sourced from aastocks.com
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: This is not investment advice, please do your research before committing capital. Stop loss levels mentioned are indicative for the risk I would be willing to commit on these trades with my trading style. Everyone’s different, commit what you can stomach losing.