Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

Light trade, modest profit outlook for China stocks

E-mail Print PDF

 

cash_1Dec. 29, 2009 (Chinavestor) With a handful of trading days left from 2009 China stock investors are looking for ways to maximize returns for the year. Oversold Chinese ADRs offer such opportunities besides strong momentum stocks albeit light trading volumes. GigaMedia Limited (NASDAQ:GIGM) is one oversold China play that is worth paying close attention to for the rest of 2009. Hurray Holdings (NASDAQ:HRAY), Nam Tai Electronics (NYSE:NTE), China Bak Battery (NASDAQ:CBAK), and Tongxin Int. (NASDAQ:TXIC) are oversold, low volume China stocks that are ready to pop up any minute. Best momentum plays include Cogo Group (NASDAQ:COGO), Advanced Battery (NASDAQ:ABAT), and Jinpan Int. Ltd. (NASDAQ:JST).

Talking about Jinpan International (NASDAQ:JST); the stock jumped $3.39 or +7.41% on Monday with very heavy volume, suggesting the rally is not over just yet. JST is not overbought either, according to the following chart.

Shares of Cogo Group Inc. (NASDAQ:GOGO) took a break on Monday following days of strong advances but are ready to resume the rally, according to the overbought monitor. Share price of COGO hasn't reached her theoretical highs yet, suggesting more upside is possible for this NASDAQ play.

Advanced Battery (NASDAQ:ABAT) is very similar to Jinpan Int. Ltd. (NASDAQ:JST) from a technical point of view. ABAT advanced 7.69% on Monday and her trading characteristics suggests more upside is on the way.

 

Weekly Buy and Sell stock list with e-mail ALERT
If you like our Overbought/Oversold report, you will love this! We combine technicals with fundamentals and risk to come up with two set of stocks: BEST and TOAST. The first list you get is the best momentum stocks from the China stock universe. They tend to carry over momentum for the week. Then you will have the list of the most oversold stocks that tend to pop up. We publish this list every Friday at 3:30  before the market closes so you don't miss out on any gap up on Monday morning. We're going to email you when to sell certain stocks throughout the week. Sign up for Advanced membership now: 1 month for $59.90 only!

 

Most overbought China stock list

OB-1229

GigaMedia Limited (NASDAQ:GIGM) is one of the best oversold China play that offers turnaround opportunity. GIGM has been very similar to The9 Ltd. (NASDAQ:NCTY) and to Tiens Biotech (AMEX:TBV) on the oversold monitor suggesting a technical rebound is around the corner.

Hurray Holdings (NASDAQ:HRAY) and Nam Tai Electronics (NYSE:NTE) have been oversold for some time and might pop up any minute. Weakness of China Bak Battery (NASDAQ:CBAK) and Tongxin International (NASDAQ:TXIC) are not fundamentally driven given and offer opportunity for the value buyer.

Most oversold China stock list

OS-1229

aexpl-obos

Overbought A technical condition that occurs when prices are considered too high and susceptible to a decline. Overbought conditions can be classified by analyzing the chart pattern or with indicators such as the one above. A sharp advance from $15 to $30 in 2 weeks might lead a technician to believe that a security is overbought. Or, a security is sometimes considered overbought when the stock is trading out of its trading envelope and is approaching the theoretical high. It is important to keep in mind that overbought is not necessarily the same as being bearish. It merely infers that the stock has risen too far too fast and might be due for a pullback.

Oversold A technical condition that occurs when prices are considered too low and ripe for a rally. Oversold conditions can be classified by analyzing the chart pattern or with indicators such as the one above. A sharp decline from $30 to $15 in 2 weeks might lead a technician to believe that a security is oversold. Or, a security is sometimes considered oversold when the stock is trading below its trading envelope and is approaching theoretical lows. It is important to keep in mind that oversold is not necessarily the same as being bullish. It merely infers that the security has fallen too far too fast and may be due for a reaction rally.



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!

Free weekly newsletter

Get hot China stock news every Monday