Yesterday it gained very good, but it may just be the start of something more. High risk. Worth an extra look.
Technical commentary
@NSQ:CHNR is up by 
23.78% yesterday from USD 1.43 to USD 1.77 The price has been going up and down in this period, and there has been a 19.59% gain for the last 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and in total there were 51 476 more shares traded than the day before. In total there were 73 272 shares bought and sold for approx. USD 129 691.
Trend
China Natural Resources lays in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signalized. Given the current short-term trend the stock is expected to rise 43.7% during the next 3 months and with 90% probability will hold a price between USD 2.08 and USD 4.34 at the end of this period.
Signals
Only positive signals in the chart today. China Natural Resources holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at USD 1.56 and USD 1.64. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point at Tue. 03 May 2016 and this indicates further gains until a new top pivot has been found. China Natural Resources has rising volume and it does follow the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
China Natural Resources finds support from accumulated volume at USD 1.76, USD 1.70 and USD 1.33 On the upside the stock meets some resistance from accumulated volume…
