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Saturday, July 08, 2006

Celestial Nutrifoods

One of the hottest china stocks in town. After the correction in May as with many stocks, Celestial is back on track onto its relentless upwards momentum. It has retraced and surpassed the 38.2% mark from its high of 2.10 on 15th May to a low of 1.03 on 8th June, at 1.41 with a high volume of 28mil on 4th July. By its current momentum, it looked set to touch the 61.8% retracement at 1.69 soon, barring its current upwards trend channel is not broken.

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