Wednesday, December 9, 2009
China Zaino - Finally 5th Wave Started!
China Zaino broke out from the channel and started the Elliot 5th Wave finally. The long term uptrend is still intact as the stock still shows "higher high, lower high" type of pattern. Note that Wave 1 and Wave 3 took 2-3 months to achieve the high, this Wave 5 will probably take a similar 2-3 months to achieve new high.
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