All in a day's work

This is the second analysis on China Hong.

Interestingly, as analysed the price rose the next day from it's previous breakout as you can see from this *new chart.

Now a deeper analysis as this chart seem to be heading to a whole new unexplored price range.

1. Notice the resistance since Apr 07 till now, it has only been broken on Friday, although slightly but it's a break of a major resistane nevertheless.

2. It broke a recent price top @ 1.24

3. Amongst the 4 times it tested the resistance line, 3 /4 of the RSI indicated >70% with the last one almost clearing the mark. So what about this time round since it has yet to reach the Overbought liene and just tested the resistance. What's the potential?

4. Signal of Trend Reversal highlighted in very light Yellow with 4 days of consecutive rally since "Black Monday". Will the rally continue?

These are some factors to consider for this counter. Open to comments and views!