CGA will definitely fly, greatly business and very attractive valuation, will keep buying while ascending higher. BIG money has already entered Chinese stock sector, the broad market will give strong support when uncertainty is gone, look romorrow.
Still following andrews pitchfork method, we touched the upper barrier (also the mid bollinger) friday but returned into the top channel. So no tendencies yet. I hope we break that barrier today, the MACD in 30 min is showing a movement that way, too bad yesterday it stopped just before crossing the MA.
Anyway, I guess tech. analysis isn't that useful since CGA sticks to the overall market behaviour these days. But you might be right cad, we could see a short term consolidation first, instead of a W figure.
CGA nees to consolidate as Volume on it's up days are low. If good economic DATA comes out tomorrow, as today, data was good, as big ticket items were up 3.5% while expecting only 1.3, will be the key to CGA. If data tomorrw is good, CGA good jump, and hold. I rather it consolidate so it stops jumping all over the place.
The data tomorrow, along with CGA closing in the green today(As it's 5DMA crosses it's 8DMA), will both be buys signals, and if volume jumps in, shorts cover, we could have that big pop.