China BioPharma Corp (fka CHBO)

[DonLeopoldo]

Thank you for your opinion. As per the chart, CBPC was oversold and had a technical breakout setup, at least for a 'breather' from 0.021, and that is what it did.

It stopped at the SMA(31), and at 0.0300 resistance, with ASK at 0.03 and then 0.029 strong, and with big spread 0.025-0.030 and then 0.029 ASK.

DOMS is 'holding' BIDS but I've seen that MM selling at ASK and creating a wall, so I expect those bids to be FAKE.

Without news, this breather should stop around this level, like it did when it went from 0.035 to 0.047 and then fell down.

I'm looking forward to see what these shorters want to do or try to keep doing. The previous lows should be tested.

I also think 0.01 would be excesively low, but this shorters have no mercy, so who knows.

Weekly A/D still doesn't give a BUY ALERT, and the 'pincher' pattern had a target of +50% from 0.020 to 0.030 to the top trendline, so I also think they hold it at 0.030 SMA(31) and drive it back down:

http://investorshub.advfn.com/boards/board.asp?board_id=10585

http://investorshub.advfn.com/boards/read_msg.asp?message_id=23251609























http://investorshub.advfn.com/boards/read_msg.asp?message_id=22977760


IMHO.