Sinopoly Battery (HK): pending trend reversal


Company profile: Sinopoly Battery Limited. researches, develops, and produces Ion Lithium Materials and power battery technologies.

There are some signs that a major trend reversal is about to occur. Indicators and developments on the daily chart suggest a break above 0.35, which will trigger an important bull trend towards 0.66 and a lot higher. Since its a penny stock we do want to see a daily close at or above 0.35 before entering.

  • Primary trend: neutral
  • Outlook: potential trend reversal, positive > 0.35
  • Support: 0.25 / 0.24
  • Resistance: 0.35 / 0.45 / 0.66*

Weekly chart Sinopoly Battery (HK:729)