China Technology Global Corp (fka CTGLF)

[alan webber]

Need more consolidation.

With RSI a bit high and above the top bands it would be good now to go sideways for a week to "make room" between the Bollinger bands and candles.

You may have noticed today that after a pullback that one point with the bid at 155 there was 110k buy at 165 then some others. This is just some getting on board. I would not mind at all now a pullback to strengthen even more the base. Each time it dips and people buy it builds the place where people look to buy.

This can dip for 5 days if it wants and is ok with me as it is just noise now. Did you notice how CHMD ran up 100% today - another China play. This stock will very likely also see that type of action one day. CHMD did 10 million shares today.

CTGLF has now said they are likely going to add an additional company so more business and that may be what will send the stock. Any pullback is fine and even if it goes to test the 200-day. Tests give everyone confidence as they can then see the support so buy more aggressively.

I use EMA not MA so no golder cross yet but it will come not long from now - note on chart http://tinyurl.com/aqreg

After any pullback I think the next run will be much faster as who will want to sell on a second move up -- only fools I think.

I wanted to buy CDSS yesterday real bad but had to wait until today and got it first thing and the volume was great and I could not figure out why people would sell at 55 cents a a break out...I guess many never look at a chart so had no idea. My target was the 200-day at 74 but it jumped and I got out at 82 as I was only playing it as a day trade today. http://tinyurl.com/oehnz

I mention this stock to show - see how it went to 54 then pulled back to 40 and think of all those who did not pay attention to the low volume pullback and sold at 36 or 40 and missed doubling their money..
CTGLF now has a market cap less then half that of CTDC but has 3 times the sales and has profits and a bigger backer. It will make a run as all can see it was at 30 cents a year ago. We have had a double each month lately so maybe will take until March to make another one...

When we see volume of 10 million or so we will know the stock has gotten noticed - it will happen for sure as I track 47 china play stocks and they are all getting bought at their own time.

Look again at the daily chart and see all the blank empty space betwen here and the 28 cent mark. That is going to be filled so any retrace before it does only adds more owners - the buyers who do see that space that will be filled.