Tuesday, November 17, 2020

SINOTRANS (598) --- 78% within 3.5 months

I recommended SINOTRANS (598.HK) about 3 and a half months ago when the price was at $1.62. I bought it at $1.60. It was up 11.28% today, 17 Nov 2020, and closed at $2.86 and my paper gain is now 78.75%. Solid. Has it been too feverish and is it time for me to pocket the gain soon?  I think it has some room to move up. 


The cup as seen from the above weekly chart is huge and once it shoots above the resistance, it will have to move up efficiently again. I would not mind some consolidation along the way. $3.08 is the next hurdle but I think I will hold it tight for it to reach my further target of $3.80. 

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