3SOF

Heating up again

today FFHL had a solid break out of the down trend line. it looks great

Gaining momentum!  Good volume.

Still holding

FFHL break out of the down trend line

Fuwei Films Fiscal 2006 Earnings Grow
Thursday April 5, 10:43 am ET 
Fuwei Films Surge on Word That Fiscal 2006 Income Grows on Increased Sales of Special Films


NEW YORK (AP) -- Shares of Fuwei Films (Holdings) Co. Ltd., a Chinese maker of plastic films, surged Thursday after reporting 2006 earnings jumped 16 percent, thanks to increased sales of special films and also stronger export revenue.
Fuwei Films, which conducted an initial public offering in December 2006, shares surged $2.04, or 21 percent, to $11.83 in morning trading on the Nasdaq Stock Market. The company has traded between $8 and $11.75 since its initial public offering in December 2006.

Net income for calendar 2006 grew to RMB 67.7 million ($8.7 million, or $7.88 per share), from RMB 57.1 million a year ago.

Sales increased 26 percent to RMB 436.8 million (or $56 million), from RMB 346.2 million in the prior year.

The company attributed its growth to increases in the sales of heat-sealable films, high-gloss films and other special films, plus continued increases in export sales to the U.S., Canada and Korea.

Sitting on 9sma...radar 

I jumped in!   

The next small hurdle, imo, would be to get above the middle bollinger...say $10.75 and I believe it's on like Donkey Kong 

Anyone following this?

Bargain at this price???

Ares = Jegejig

http://www.thelion.com/bin/forum.cgi?sf=FFHL

Ascending triangle on the 5 minute chart with positive MACD crossing at zero.

Broke below the ascending line of the triangle.
Will it go lateral for now?
So far trading outside the recent 5 minute descending channel plotted from the premarket high of 8.72 and connected to the high of 8.35.

Here's my annotation of the daily chart of FFHL.
Looking forward to how other traders interpret the chart.

Earnings announcement on July 26.

Recent rise of price and volume.
Above the 8ma
MACD histogram rising
MACD bouncing?
Slow stochastics crossing?

Looking forward to your comments.

Main Building for FFHL based on yesterday's info:

11.62 = 3.618
10.50 = 2.618
9.38 = 1.618
9.11 = 1.38 (see my notes at the lion on July 5 - then again this is just a gauge - it may blow up above this if demand is strong).
http://www.thelion.com/bin/forum.cgi?sf=ffhl&msg=2960&cmd=read
8.99 = 1.27

8.69 = PDH
8.46 = PDC
8.26 = 0.382
8.24 = PIVOT
8.13 = 0.50
8.08 = OHLC divided by 4
7.99 = 0.618
7.62 = PDO
7.57 = PDL

6.87 = 1.618 (near the daily swing's retracement)
5.75 = 2.618
4.63 = 3.618

Secondary building will be from the swing high and swing low of the 5 and/or the 15 minute opening range.