Hi, my readers, long time no post. Quite busy some time finishing my studies & stock market research and also I've just started my new business so need to learn a lot in that new business, but by the time I still keep my trading running quite well.
Today, a bonus stock pick is given which might give a fresh air for you all my friends. The stock is INTA, which announced that it has just got the trust from Chinese heavy machine producer, Sinotruk to distribute its product, and INTA targeted that it will sell 650 units this year, which means its customer will have more options in heavy machine purchase, which is good for it.
Technically, it's forming an inverted head & shoulder, which might target the stock to 1100 in the short period. The confirmation is at 870 level, so when the price has reached 870, the the pattern is confirmed and it's ready to finish the pattern. The chart can be seen below.
Rating: Buy; TP: 1100-1150, S/L: depends on the favor.
Happy Investing^^
Disclaimer ON!!!
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