One very large buy that popped the price back to $20, and then very stable from there on. Appears from the last couple days that post earnings price has stabilized.
I wonder if fosun is still buying?
POPS outta NO WHERE ? AINT crackers made in China?
pop pop pop.... ? $ $ $
19.85...I like it.. $$$
Keep an eye on the 50 DMA which is around 19.30. It did close below that yesterday but has rallied nicely today. However, another close below it and I would consider taking some off the table.
Technical analysis is useless for China stock. This pop is related to DOTA2. PWRD let everyone access DOTA2 in China from Aug 23, 2013. It's almost the same as OPEN BETA test.