Thursday, January 24, 2013

Will Sound Global Rally in 2013??

Here is another Article I wrote for

This is a company that does waste water treatment in China. Looking at the weekly chart, this stock has fallen 60.3 percent from the high of $1.02 in March 2010 to $0.405 low in October 2011. Thereafter, it broke the downtrend and went into a sideway consolidation phase. Since hitting the bottom, this price has been forming higher lows. We see that a strong uptrend line which has been formed by the three lows (as indicated by the blue arrows), set a good support for this stock. Moreover, the price broke its 52-week high two weeks ago. This shows that the bull in this stock is waking up. With the robust story of China recovery in 2013 after the new government setup, will this stock rally in 2013?

Thank you for reading on my previous post: