Wednesday, November 26, 2014

China Sunsine (technical)

China Sunsine: Technical alert. The counter experienced a typical sell on news after a stellar but well-flagged 3Q14 results showing, but looks primed for an extended rebound after the perfect bounce off the classical $0.42 support . With a firm bottom now established, and the key indicators hooking back up, momentum could lift share price back to the recent $0.515 high , and $0.595 all-time-high, in extension. Market Insights likes this stock as a value play , and has a fundamental fair value of $0.73.

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