Replies to post #1498 on China MediaExpress Holdings, Inc. (fka CCME)

[Traderfan]

Headley, like I wrote today on the CGS board, there is really heavy resistance now at the 12.35-12.45 level on the chart. I have rarely seen a chart where 3 major MA's are within 10-15 cents as is the case right now for CCME. The 20/50/100 MA's are all in this range and without a catalyst we won't close above that level. The good thing is that once we do close above it, it will be good support and some technical buyers should enter the scene. All IMO.