LFC gapped up after it’s cleared from the liabilities of the audit issues in the past. It has broken out the recent downtrend. Whether it can reverse the downtrend remains to be seen. This big gap could become the new support. Next resistence is 28.
SUNW continues to build new base around 5.5 inspite of recent drop to 5.12. We likely see another breakout from base or congestion area around 5.5 level.
Obviously the job report is not too bad and things are improving in the job market. The market reacted positively.
Both CHN and LFC went up more than 3%. SOHU closed up at 29.05; Mar 30 C is selling at 2.40 now. ACH went up 9.2% today!
LFC took a big hit as its predecessor was found with accounting irregularities. It dropped $2.13 or 7.4%. Other China stocks was also impacted. Increased my LFC position. Also bought CHN. Looking for opp. to buy HNP again.
SUNW went down to 5.12. It needs to stay above 5 level to keep previous uptrend. Otherwise, we shall see it back to 4-4.5 level.
Open a long position in LFC at 30.67. This is for long term. My stop will be at 25.