Shengkai Innovations, Inc. (VALV)

[k_trader]

Not sure when you got in, I got in @ 1.35 and it is steadily going up (as high as 1.79).

We crossed some major resistance levels, finding support along the 5 EMA.

Once we break and stay above the center BB we should gain some positive momentum.

Today's volume was good, IMO we should be back into 1.70's by EOW.

After that we should be testing along the 50 EMA which is now @ 2.19.

By the end of August I would not be surprised to see 2.50-3.00 levels.

GLTU