Hong Yuan Holding Group (HGYN)

[ospreyeye]

CERP should test MA(50) @ 0.04 support......if that doesn't hold it will test MA(10) @0.03 support.....

I would look for those MA's to hold......if they don't MA(20) will be on deck & the chart will break down......

I look @ it like this......MA(50) is a major MA......CERP broke that level for the 1st time on Wed......it probably needs to pullback, retest support then break MA(50) resistance again......

You'll find that many times major support/resistance levels need to be tested more than once in order to be confirmed.......

Personally I would exit any positions and reload lower, but that's me.......I certainly wouldn't take any new positions until support is found & the reversal pattern is forming.......

Make sure support levels hold 1st.......there's no rush......CERP won't get away from you.....

& there are thousands of other stocks out there.......they key is not to get emotionally attached to ANY stock......

They're dates......not marriages..........Trade.....Trade.....Trade.......& have fun!.........$$$