China Technology Global Corp (fka CTGLF)

[richordietrying]

china watcher


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TECHNICAL ANALYSIS macd adx obv roc rsi all waiting for cross, hammer then 2 dojis.........


Uncle Vern wrote this,


http://stockcharts.com/def/servlet/SC.web?c=ctglf,uu[g,a]daclyyay[d19960426,2005\
0426][pb50!b200!f][v...

I have no interest in this stock and dont trade penny stock because of
the risk factor is too high for my taste. Penny stock are penny stocks
because they are worth pennys for a reason usually. There are
exceptions and this may be one but I doubt it.

It has been said on this link by someone that this stock may by in the
amex at some point in the future and I also doubt that also. This
stock is of a company that is almost 10 years old and not a new
company at all. Amex stocks are brick and motor type companys and this
one would be nazdaq if it was listed which I doubt will ever happen.
My best quess is that it would be a pink slip canadate in the future.

I will give you an analysis of this stock though of what I see. and
here it is.
http://stockcharts.com/def/servlet/SC.web?c=ctglf,uu[g,a]daclyyay[d19960426,2005\
0426][pb50!b200!f][v...

stocks move many times because it is time to move. A chart also uses
channels and time frames to move in that are equally spaced in time
frames that can be predicted.

As you can see on the chart rallys are using the diagonial line in the
past that are marked with black arrows and if this is correct we are
at a point where a rally could be launched from here because we are in
the proper diagonial channel.

The horizontial blue line that mark support and resistance tells us
that this chart in at support and infact the last line of support that
is on the chart. It has been tested many times and should hold and if
it does a rally could start from here. We also have a double bottom
here at this support line.

This is all purely speculation and quess work. One thing for sure if
the support line doesnt hold this wouldnt be a bullish indicator


aimho