Short term break .35 coming on filings. Chart about to break .17 break, see adx macd obv
Chalking one red day in 6months insiders buying the float. Liked what this poster had t0 say, fouind under china thread..>>>>>>>>>>>>.>>>>>> eom
"CTGLF explodes with unforeseen anticipation in a sideway market. China Tech Global (CTGLF) is the Asian leader in IT solutions, logistics and supply chain management. Supported by alliances with IBM, Hewlet Packard, Dell and a host of other international companies, including Motorola and China Mobil.
Having completed a descending period that started at $1.85 US CTGLF is on target with the reversal trend that is taking place today after hitting it’s low on March 29. ST players have made significant profits of 20% or better in just a few days. LT players are looking at 200% plus. As with any stock there is risk of loosing your investment. Just as there is risk of winning with your investment."
from another poster
Technicals and GutFeelings(tm):
Chart Technicals:
Volume today was around the 3month avg (350k-400k). That's $56k traded. Not bad for an average day for a $0.15 stock. Looking at the trades today, especially at the end of day, you can see some serious accumulation going on here, with the last trade being a buy of 42k shares (over $6k). Every time this stock dips (usually on very little volume), the buying picks up and people take advantage of it.
Bollinger bands are tightening, similar to Nov 04. RSI is under 50, similar range as Nov .05. 50 day moving average is close at .20 and the 200 is at .26. The last time the 50 day was crossed, the stock went from mid .10's to low .30's (Nov 04). With the 200 so close by, we could see a break and run past the 50 and the 200 mark. MACD is also in a similar setup to Nov 04.
Source: www.stockcharts.com and www.bigcharts.com
Rumors of a move to amex or other exchange have been surfacing over the past few months, which was confirmed by an interview with the company.
Other technicals include the 1+ billion people in China this company has access to. That alone is a buy signal, it almost doesn't matter what the company does, but in this case, it's a fantastic fit. You can read more about this in the files/links sections. I'll just mention 1+ billion people again.
GutFeelings(tm):
I've been watching this stock and have played it numerous times since last year when it was DFCTF. As the pieces in the puzzle have been slowly coming together, management has been showing us some small parts of the whole picture. With the latest news, the stocks quick recovery from the recent dip below .10, and insider (CEO) buying the stock, the time is right here, right now for this stock to break out of it's channel and head towards .30's in the short term and then continue towards 1.00 and beyond as they continue to position the company as the player in China and move to a new exchange.
-------------------- -DD-GLTA-Unless I've quoted a source, I know not what I speak of.