Sunwin International Neutraceuticals Inc (OTC:SUWN) has been pressing on the resistance at $0.35 for a couple of days. At last at the beginning of this session SUWN managed to overwhelm it and opened with a gap at $0.39.
However, it is not clear how SUWN will end the day. It has been floating around the mention resistance since the start of October without the support of any news or official report.
With this informational silence at hand, SUWN made a noticeable volume surge last Friday. Then the volume hit 923 thousand shares which is tens of times higher than the daily average.
In fact the stock had been supported by a climbing MACD which broke above the zero line three weeks ago and has been going up since then.
Apparently the Chinese company has been driven by technical factors these days but it is not clear how long SUWN will hold the positive technical set-up.
Some of the chinese companies look great at current levels.
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