Reported 9 months ago
Xunzhou (3047) surged to the daily limit up while the communication sector showed weakness today. Analysts believe Xunzhou has characteristics of a turnaround stock and can be supported at 27 yuan; as long as the stock price remains above 27 yuan, it is recommended to be bullish. With impressive revenue growth in April and May, technical analysis also indicates a strong bullish momentum with a 'morning star' pattern. Investors are advised to observe the stock, using 27 yuan as a support level to determine bullish strength.
Source: YAHOO