Last time XIN has 5 consecutive days with volume over 500k. XIN went up from $2.83 to $3.85. It dropped back to $2.98 when the volume dried up to around 300k. Now, XIN is on target to have two consecutive days with 600k+ volume. Is XIN going back below $3 when the volume dries up again or XIN will keep going with 500k volume until it hits $6?
Another question is again who is behind this high volume.
from a tech perspective --- we had a big rise and slow partial fall "a pennant" -- but the rise we are seeing is not on huge volume - volume is up, 20% or so, but if in the next few days we get a rise on high volume -- it suggests a continuation of the previous trend, with the height of the continuation ending up so the top of the previous rise = the mid point. Previous rise (2.75 to 3.95) = 1.20. 3.95 + 1.20 = $5.15 -- a realistic number if we see high volume with price appreciation soon (at least from a technical perspective) -- fundamentals and value look to work in Xin's (and long's) favor. Macro economic signals in China also play positively....
3 for 3 on signals - technical, value and macro --- could get interesting very fast.