SINO - right, Ksuave. That new group of buyers who follow the guy at Stocktwits (who put out a synopsis of my S.Alpha article to hundreds of folks) are bringing in some much needed volume. My S.Alpha article was predicated on value- and growth-investors (not to mention momentum traders on any breakout) coming in sooner than later to re-set SINO to a much higher trading range.
Looking at the chart, some technical damage was done after the two "sell the news" rampages in the aftermath of the great earnings news on May 15 and then on the extended partnership news of May 26. (The chart would look a lot better had my article's release not been delayed for nearly 3 weeks by severe glitches in not using the right browser for S.Alpha [Google Chrome]).
But now the stock has roared back above the 9dma, 20dma, 26dma, and 50dma. Parabolic-SAR switched from "sell" to "buy" the other day and the Aroon indicator's green line jump from 4 to 100 confirms the bullishness here. MACD has a lot of room to run much higher. RSI is finally getting close to 70 again, but with the new buyers the RSI could easily run up to 80s or 90s and stay there for a while, like so many stocks in this extended bull market.
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