January 15, 2014 (Chinavestor) Good news China stock investors. There are no overbought Chinese ADRs at the moment. Canadian Solar (NASDAQ:CSIQ) is trading closest to theoretical highs and the pace of advance is a reason for concern. But all other stocks have upside potential left, according to the overbought China ADR Indicator below.
Scrolling down to the second chart revels that Ctrip.com (NASDAQ:CTRP) is not oversold anymore. This is bad news for those that were looking for more upside. But there are some good news concerning CTRP. The stock enjoyed a sizable uptick late in the trading and this was accompanied by huge volume. Strong money flows are always a good support for any stock.