CHINHIN (5273): Bullish

Pattern: Bullish Pennant Breakout

As seen on CHINHIN's daily chart above, after a month sharp rise since 20 Feb, it formed a bullish pennant. It is worth to note the sharp rise was accompanied by strong volume while the consolidation within the pennant was with decreasing volume.

As of today's closing, CHINHIN broke out the pennant with significant volume, signals a resume of the bullish trend.

Based on the pattern projection, CHINHIN target prices are 1.50, 1.68 and 1.88.

I am bullish on CHINHIN when it is trading above 1.20.

Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.

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Cheers,

Ming Jong

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