Opinion on Aluminum Corp. of China Ltd. (ACH) Sector: Basic Materials > Industry: Metal Mining
Bullish on ACH ...

Apr 23, 2008 08:32 PM UTC

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This pick is about: ACH

Rating:	$43.55 (04/23/08)
Gain/Loss:	-47.53% in 127 days

I bought 300 shares of ACH at an average price of $43.08. I usually don't make long entries on beaten down stocks or sectors, but China stocks are due for a bounce and today's strong breakout offers the type of volume catalyst that could be good for a few points. I like the fact that price, OBV and RSI made higher lows (stochastics did not), and we have some room until we hit major resistance.

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Aluminum Corp. of China Ltd. (ACH)

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