Safeplus International Holdings Ltd. (ACAI)

[PowerPole]

B9--Thanks for the flowers...

You know us, the "we" is me and my better half...our first post on this board is #209
We came over to BIPH when CPTC(Q) started it's slide a few months back.
My alias over at RB is muskogeeokie...
I'm sad :>( you forgot me...I follow your posts at RB, and a few other posters there,
but don't post over there anymore. Oklabrows post today was Excellent by the way...

OK, now down to business...The Charts Say...


Wow...way before my time...glad I missed that dump...I wonder is Anyone is still holding some 6.00 shares...
I see a double bottom that broke out exactly as expected. The breakout point of just under 2.00 (Jan. '02) was followed by a second low around .50 That means it should've run up 1.50 from 2.00, and it did...3.50 needs to be taken out next, even if it's just a spike up, that would be very bullish...a close above 3.50 is a breakout into clear skies ahead, and the next resistance level I see is 4.25 or so...



Good Looking Weekly Chart!!!
The chart pattern is a double bottom/cup and handle starting from the 3.50 high...Friday's candlestick is the biggest green body since mid-March, and intraday we took out the intraday high set at the end of May, so technically, the double bottom "broke out". The moving averages are in Good shape...The RSI, DMI+, and the stochastics are also all double bottoming...the RSI is not too high, stochastics are not yet overbought, and the MACD will double kiss (actually triple kiss) if the pps goes higher from here. All in all=Very Bullish...I do see resistance between 3.20 and 3.50 That may be a good place to consolidate for a while before the next push up...



A Nice Looking double bottom/cup and handle again...The RSI is not too high, the DMI+ is taking off, approaching overbought on the stochastics, the MACD just crossed up, and the volume spike is the second highest since May 5th...



Now let's talk about that gap...Friday's candlestick as far as I'm concerned is a doji which is OK. It is NOT a shooting star (shooting stars are bearish)...The area the gap is in has been traded thru a lot, so I wouldn't think we will have to play around in that zone any longer...I like that the 18SMA found support at the 27SMA. Again the RSI is still under 70, the DMI+ and DMI- are diverging, stochastics are looking kind of toppy, but can remain near the top for a long time if we run real hard...the MACD is trying to cross over up, but I would watch out for a negative MACD kiss... I like that volume spike...From the size of the cup (2.45--2.90) I would expect a .45 run up from 2.90 = 3.35 or so. I'll call that a short term top/resistance...



That gap looks pretty big here...If there is a pullback, it will probably be quick, and to around 2.75
The RSI is not above 70 yet, the ADX isn't saying much here, if the stochastics bounce up off the 50-that would be good, and the MACD just barely went negative-and if it goes up strong from here-I'd call that a MACD kiss...

All five of these charts look GREAT, the funnymentals are good, the DEAL being announced is good, the news about J&J losing their case against BSX couldn't hurt...Heck, after all this, I'm going to have to buy a lot more shares next week...

Good Luck To ALL,