XING Stock Opportunity, Join Me
I don’t usually do this, but hey we are all in the market to make money, so why can’t we all be friends? I have been watching Qiao Xing Universal (XING) for the last month if not more, and I wanted to mention that I just took a small position at $15 even based on a pattern that I have down in my playbook (TOP SECRET STOCK PLAYBOOOK). Eventually I will write a book on all this stuff I’ve done research on, but hell I am only 20 years old so until then I just gotta keep making money for my clients.
Alright, well real time the stock just hit a new intra-day of of $15.12, but continuing on, here is the reason why Qiao Xing Universal (XING) will move to atleast $16 with little downside risk if any. The stock has been in a range of $14 to $17, then $14 to $16 for the last who knows month or so+. The major battlefield line though on the stock that seperates the upper range from the lower range is at $15 even. Look at a chart of the stock, and you will notice a nice gap up move to close above $15 last Friday on strong accumulation volume, THIS WAS HUGE.
It is huge for the stock because it one puts the stock back into the upper range of $15-$17, and also makes $15 now a great support line. So, you can then take a position, apply a relatively tight stop ($14.70ish) depending, and have good upside potential. Personally, I feel that XING has a good shot to move to new 52-Week highs by year’s end. But, if you just want to play the range, you can buy as close to $15 as possible, apply your tight stop, and sell half or all at $16. Explaining further the math, if you bought at $15 with me looking to play the stock to $16, applying a $14.75 stop gives you 4 to 1 odds on your money!! Not too shabby at all.
Happy Hunting!
