China Recycling Energy Corp (CREG)

[Skinny Mulligan]

Very curious activity. That release should have driven price down. But the reverse is happening on higher volume. The price drop in weeks before lead me to think there was insider info making rounds, so the drop was already built into the price.

Now Bollinger bands are converging on well oversold volume. This usually means a drastic price increase. Not so sure how trustworthy that is in this case. I canceled my buy orders on this release. Now I think I may have to cancel my standing sell orders as well and just wait it out.