Monday, May 12, 2008

China Life - LFC - BUY


Very symmetrical pattern with recent volume spikes that give it a well-rounded supporting bottom. Look at the last correction - if the pattern diverges away from that, then set a buy order at 53-54 to see if a shake out occurs, but also set a sell stop position at 49 in case the stock breaks down.


3 Positive Technicals


- Money Flows

- MACD's have broken through neutral.

- Symmetrical Pattern



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