UET was another stock that managed to turn green in the last hour today. Kind of easy to spot the green stocks as most in the watchlist were Red. Managed to test high and even break it. Volume did increase, but it is not as impressive as the Sunvic's volume.
All time high stock. Had a very strong inbound trend. Shallow rest for a few days, and then thrust-pause-thrust pattern a few days ago. Based on projection, it has reached its target price near $1.20 region. Do you think it will continue to make high?
Anyway, the whole sector has been running recently. Water treatment related stocks, such as Hankore, SIIC, Memstar all moved up. Read in ZaoBao that as long as stocks linked with 国有, i.e. linked with the national companies in China, it gives confidence in investors. Strong backing from the 国有公司means got stamp of approval to run?
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