This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Chinese Stock Trades With Breakout Potential

Yanzhou Coal Mining

A similar setup is forming in shares of Yanzhou Coal Mining (YZC), the sixth-largest coal miner in the People's Republic. Like LFC, Yanzhou is forming a long-term ascending triangle setup that's been forming since the latter half of the third quarter. The resistance level to watch in YZC right now is $27.

Looking at the technicals in YZC from a more economics-driven perspective, the setup in this stock all comes down to a case of supply and demand. Essentially, there's an excess of supply of shares above the $27 level -- that is, it's a price above which sellers become more eager to sell and take gains than buyers are to buy. The result is a price level that acts as a sort of ceiling for shares of Yanzhou.

The uptrending support level below shares gives us an important clue about investor sentiment in this stock. Because Yanzhou is posting higher lows, we have a hint that buyers have some control over price action; a breakdown below that trend line indicates that that's no longer the case.

A move above $27 is significant because it shows us that the upside barriers to movement have been squashed; keep a close eye on that price.

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
ZNH $37.53 -0.03%
CHL $59.05 -1.07%
LFC $18.58 -1.38%
YZC $5.26 -4.01%
SINA $43.84 -0.30%


Chart of I:DJI
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,796.6090 -42.0340 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs