SmoothJB

JRJC

Long
NASDAQ:JRJC   None
China Finance Online Co. (NASDAQ:JRJC) The daily technical chart shows a stock that is right on the cusp of a big breakout. If JRJC can break through the $11 price level (primary downtrend line) on volume, then I think the March highs at 16.70 could be well within reach. Yesterday, the volume was much higher than it has been the last few weeks. Interest in the stock is starting to grow and the China low float mania could send it again to $20's. Technical daily indicators are also pointing up. The ingredients are here for a nice move. Plus, let's not forget about the low float this stock has and the recent report of Morgan Stanley 5% stake. Keep her on your watch list the next few days.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.