Chinese E-Commerce Stock Goes for a Breakout
Shares of Dangdang ($DANG) are making a big move this month with a triangle breakout on expanding volume. First, notice how the stock surged from ~4 to ~12. Second, the triangle consolidation worked off overbought conditions. Third, the high volume breakout signals a continuation of this advance. Careful with this one: low-price times internet-play times Chinese-stock equals risk cubed.
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Chinese E-Commerce Stock Goes for a Breakout
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Trading, breakout, chinese, consolidation, continuation, dang, dangdang, internet, times, triangle
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