China TransInfo Technology Corp. (CTFO)

[adelevet]

So, I've been looking at this chart for a while now after having casually watched this stock since its initial run up.

I'm basically expecting this is ready for a renewed breakout, as the range has been tightening ever since the highs in October. Overall it seems like the stock has found its value range and is set to take in the recent contract news...


Last time similar news hit in August it had been going sideways just as we have been more recently, and the news pushed it to all-time highs. Since the recent contract is worth 5 times more I'm expecting this to at least make up the loss since hitting the 12.50 ceiling. For me, looking at the next two quarters, this is more like a $20 stock, and the sky's the limit for this one!

Anyone else?