As requested by Eka: China Petrotech. After rally to a high of .785, it has failed to consolidate at the .73 region, thus making a rapid test of the next suppo
rt at .675 intraday. It closed at .69 for the day. Look for it to consolidate at the current region supported by .675, failing to do so, we would see it test .585 very soon.
rt at .675 intraday. It closed at .69 for the day. Look for it to consolidate at the current region supported by .675, failing to do so, we would see it test .585 very soon. Note that the company is an IT solutions provided to the oil and gas industries, however its main operations is in China, hence it is not spared in the latest declince of china stocks.
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