December 29, 2011 (Chinavestor) What do investors do when corporate and economic news are scarce or don't move the market? When investors are on a break sending trading volume to the bottom?
This is a time for technical indicators - and we're going to review some of the very basic yet widely followed ones. Investors tend to like stocks that are trading above 50-DMA and 200-DMA at the same time. Taking look at the China stocks universe, it's only a handful of them right now. Sure ,we have Noah Education Holding (NYSE:NED) and the like, but investors should only touch stocks with sufficient trading volume and price. Unfortunately, NED is not one of them.
