China Fish (technical)

China Fish: OCBC Technicals highlighted yday that China Fish could see more upside ahead after overcoming its 1.5-year downtrend resistance recently; this was followed by a strong bullish break of its $0.44 key resistance on heavy trading volume yesterday. MACD has just crossed back above its centerline, suggesting that the upside momentum is accelerating. TP at $0.59. OCBC notes the counter could recover further towards the next key resistance at $0.59 (key peaks) in the weeks ahead. Stop loss level at $0.42, which is slightly below the newly established resistance-turned-support of $0.44.