Well, my fren was saying that Sinotel is having share placement but yet it is still edging higher and higher. Why? Because the share placement is depends on whether it is use for survival or business expansion. For this case, is to get more business which is good in terms of outlook.
Mid-term to Long term should be good for Sinotel which more telco infrastructure projects coming up in China.
But short-term play, lets look out for this, another shot at 0.655? if the resistance at 0.635.
From the chart, bullish star candlestick is overcoming bearishness , with momentum in-placed, Sinotel is the stock to watch for short-term, yes..short term.
SOBAYOR,
rgds, star-trader...
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