July 29, 2014

A Good Chinese Stock Short Setup to Trade















I noticed The 9 Limited (NCTY) had a parabolic move from 2.4 to about 4.00 a share. On the run there were not any red (negative) days. This is a very good short setup here as today it finally closed red. NCTY is a Chinese company that hasn't had a profit since atleast 2011. For a target, I see this testing the $3.00 a share area soon. 

disclosure: no position

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