Pretty amazing, actually…
What to think about SmartHeat (HEAT), it’s right there on the support trendline while being crushed from 18 to 11 in, well, just over a week..
It’s a very interesting company, we don’t have time to do the write up now, but it’s gotten quite cheap all of a sudden. We still want to see whether the support holds next week (or if it doesn’t, the support below, the 200 day moving average), but picking a few up already won’t hurt in the long-run.
Here is another one and we did write about recently: NEP
It sits just at it’s 50 day moving average, still 50% above the 200 day. The fundamental story is one we like very much.