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View Full Version : CHU Breakout!

Albert0373
05-19-2008, 02:45 AM
http://i25.tinypic.com/nlvt5u.jpg

Perfect ascending triangle set up, china stocks are due for a nice move.

Got an order open for CHU and CHINA tomorrow's market open.

Simple buy for CHU
Buy stop CHINA 3.80
Jordan
05-19-2008, 08:02 PM
I like your pick Albert, I have played CHU before and always do well
I think this is an easy 10 percenter in the next week or two
Albert0373
05-23-2008, 05:24 PM
Trading halted, CHU jumps up 9.21%!

http://www.marketwatch.com/news/story/china-telecoms-suspended-overhaul-anticipated/story.aspx?guid=%7BA9D2C4D8%2D7002%2D4C08%2DAE6C%2 D7E193C38442C%7D&siteid=yhoof

Telecom restructuring going on...something big is coming...

"It should benefit China Unicom and also benefit service providers as well as infrastructure companies," said Kenny Tang, associate director of Tung Tai Securities in Hong Kong.
Jordan
06-03-2008, 10:49 AM
Down 10% today...time to buy or stay away?
wallstreetsedge
06-03-2008, 10:58 AM
chu got whacked this morning but looks good on the rsi and cci indicators now
Jordan
06-15-2008, 09:28 PM
Albert, where do you see this one going from here?
Albert0373
06-15-2008, 10:26 PM
They recently acquired a smaller telecom company and it's of the norm for a company's pps to drop a bit after a purchase like that. In the mid-long term, the recent news from China regarding the telecoms will be benefitting CHU. I held thru the suspended period and still am; it should return back to the $20-30 range soon in the upcoming weeks if all is well.

Might be a nice time for others to jump in here, we'll see though.
wallstreetsedge
06-16-2008, 06:22 AM
based on the way its been trading over the past week and its gaps up, it looks like buying interest has disappeared.. maybe you get 2 more good sessions out of it but its starting to look better for the bears
Bama Nation
07-04-2008, 03:59 PM
WSE
Where do you think CHU is headed now? It sits at $18.88 and has gone up $1 in the last 5 days since its drop. It traded almost 2 million shares on Friday(1/2 day) and looks to be gaining short term momentum.
wallstreetsedge
07-04-2008, 07:20 PM
not much upside left in this dog.. i think it tops off over here or max 19.50 then heads lower towards the 17 range