Chinese are all around: AOBO.OB

Look at this company's fundamentals here: Profile for AOBO.OB

P/E Ratio, Cash Flow, Cash in the Bank, Gross Margins, they're all great.

Technically the stock had a big rise over the last couple of weeks:

I personally like this pattern a lot, when a stock is trading sideways, building a base, and then suddenly breaks on the downside with volume above average. But, instead of continuing down, the stock reverses and reenters the accumulation zone. If it wasn't able to break on the downside, made a false breakdown, it is probable that it will end up breaking on the upside.

Of course, the stock is now facing a bit of a resistance for the short term, so there's a possibility of a pullback after my purchase. But think of this: I have sound reasons to believe (technical and fundamental) that AOBO.OB will breakout this resistance. I'm not sure if it breaks right away or if it will pullback on profit taking before it does.

I can't be afraid of profit taking when I have a setup for higher prices. I have to get my position immediately, nevermind if the timing possibly isn't the best. Waiting may prevent me from buying a stock at the short term high, but it also may prevent myself from getting a good and safe profit from the expected breakout in prices.

So I'm not waiting for a pullback, I'm buying AOBO.OB at today's open, 6.66% of the portfolio.

Everyday I will analyze AOBO.OB after the market close until I sell the stock. I always tell I'm going to sell before I actually take action. You just have to follow the answers to this post.

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