China MediaExpress Holdings, Inc. (fka CCME)

[Shengli]

And finally, though it's been on and off my radar for a while, China MediaExpress Holdings Inc (AMEX:CCME) really didn't become trade-worthy until today. What changed? In simplest terms, CCME has moved above a relatively important resistance line at $13.10, but it has done so in a manner that is sustainable... one of the major problems this small cap stock faced the last time it made its way above $13.10.

The China MediaExpress chart below is actually quite clear - it's been range-bound between $10.46 and $14.83 since November, but within that range, other horizontal support and resistance lines have taken shape. The $13.10 mark is one of them.... or was anyway.

Yes, there's still the major ceiling at $14.83 that China MediaExpress Holdings Inc must contend with at some point, but a little optimism may be merited. This consolidation phase, though not net bullish, has not been net bearish either. It has, however, given potential CCME buyers a chance to regroup and gather more troops. And yes, I see the underpinnings of a breakout from the consolidation range; today's a decent (and a little trade-worthy) step towards that.

http://www.smallcapnetwork.com/Take-the-Hint-The-Trade-Worthiness-of-BG-CCME-GKK-Assessed/s/article/view/p/mid/3/id/272/