CADC Stock Trend

The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.23 will give a strong sell signal and a trend shift may be expected.

Given the current horizontal trend, you can expect China Advanced Construction Materials stock with a 90% probability to be traded between $0.23 and $0.23 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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