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[hagenzoey]

This counter look like going to kick start wave 3. 

[hagenzoey]

China Essence (2009-11-09 Closing Price $0.26)

Good technical signs:

1. Broke trend line
2. Breakout on good volume

Today candle stick fail to push higher, look like profit taking start to take place.

Support - $0.235 & Resistance - $0.295

[hagenzoey]

China Essence (2009-11-18 Closing Price $0.30)

Price rest at support & volume start to drop.

I would suggest to take some profit as i feel that the buying up interest reduces.

Support - $0.25
Resistance - $0.39 & $0.44

[hagenzoey]

China Essence (2009-11-26 Closing Price $0.255)

Tested $0.25 support line and last candlestick is a dragonfly doji.
But there is no sign of buying up. Let wait for signal.

Strong support at $0.23 - $0.24

[CU]

China Essence [2010-03-01] - $0.39

As shown on attached chart, stock price is making a higher low but daily MacD is making a lower low, this is considered hidden bullish divergence (see reference link). Stock has just move above a bullish symmetric consolidation, amid on low volume. Stock could re-test recent old high along 0.45

Resist - 0.45 | 0.49
Support - 0.36
Validity - 2 weeks or upon breaking of support/resist