Long Trade: E-House Holdings ADR (EJ) Stock a China Housing Play
On 10/23 I entered into EJ at $26.55. This was a stock on had earlier found mentioned on Investors.com a few days earlier and decided to look at the technicals. I saw the price was trending down towards the lower major trend line and volume was decreasing. It also filled the gap on 10/2 and all signals were good. The next day I got a nice gift when the stock took off for a +16% gain. Volume has picked up really nice and I’m up +28% currently. All technicals look strong, but lets see how it gets past $36.
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