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Xinyuan Real Estate Co., Ltd. Message Board

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  • barnardjohnthird barnardjohnthird Jan 11, 2012 12:17 PM Flag

    See if you like the OPEN

    This rally is technical IMO, XIN found support at long term lows at 1.55 and short-term lows twice at 1.70, so we are going to test upper resistance now. Seller exhaustion could be seen in the decreasing volume after failing to fall below these supports.

    Also, re cash, they also are pulling in around $25-$30 million net income in Q4, so that should offset some of the recent outlays for land acquisitions.

 
XIN
2.83-0.02(-0.70%)Sep 4 4:04 PMEDT