Based on past market behaviour pattern, current rally is likely to last a while because of rotational interest going into penny stocks like Eratat, Qingmei, Unifibre, ChinaFash, and others ; while blue chips & those that rose earlier take a rest.
A significant pull back would come when those who missed the rally and still bearish, cannot “tahan” any longer & decided to jump in – a rather accurate indicator in the past.
Eratat today broke out of trading range and downtrend with high vol. Could be a change in trend. I would say those who wants to accumulate is safer to buy now.
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