China Health Resource, Inc. (fka CHRI)

[terrycds]

Here is some of my technical analysis:

Check out my post from last week. A few days later, I developed this Andrew's Fork weekly chart to help set my first level of profit taking.

So my I set last month to sell at 7.7 cents filled today, then dropped back down. I did not try to grab some more when it pulled back, but I may look at putting another order in for the low 6's if it slips back there. We may need more good news to push up above the orange channel line and get back into the upper channel. I may take some more profit at that stubborn 10 cent mark, but probably not. We will see how large the Ask orders are at 9.9 and 10.0.

The ceiling of the upper channel is at about 25-26 cents this next month(even I think it could easily be trading 30-40 cents based on earnings). I would sell off most of my shares there if we get there the next couple of months, then wait for pull backs. However, we could easily see upper 30's in 2012 or 2013

Good to see highest volume in 2 years today! Rock on CHRI!