Shengkai Innovations, Inc. (VALV)

[k_trader]

Looks like we are building a base, we have strong support along the 5 EMA and our short term moving average (5 EMA) is about to cross our long term moving average (13 EMA, center BB). This would be known as a golden cross and a significant bullish signal.

Also yesterdays candle was a spinning top on support another bullish indicator given today's confirmation of positive price movement.

I think we have seen our lows for a while and will continue to test previous highs seen earlier this year.

GLTA.