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While the US market appears to be consolidating its multi-month gains in August, the Chinese stock market, as portrayed by the ETF FXI, seems to be correcting more severely. However, recent price action of FXI presents an interesting trade set-up for traders in the short term. [caption id="attachment_741" align="alignleft" width="600" caption="Technical Analysis of FXI"][/caption] Since pri...

Yep!  More requests for stock technical analysis.  This time its for Harbin Electric Inc (HRBN), a Chinese company that designs, develops, manufactures and services a range of electric motors. From the HRBN weekly chart below, the stock failed to break above the $20 resistance level formed by the previous short-term peaks in Oct 2007 and Jun 2008, and has since taken a steep correction for mu...