Friday, 19 February 2016

JIUTIAN CHEMICAL - READY FOR A BULL-FLAG RALLY $0.017

Jiutian chemical bullish bull-flag formation making it way up towards the 2cent region. Ever since the stock price hit a bottom at $0.013, it is trending up nicely. It is currently also trading below its NAV and NTA valuation. Take note that the worst maybe over for JIUTIAN in 2016. BBs in inside its and may pop up later.
 
Background of the company -
 
Top Shareholder Anyang Longyu(HK) indirect subsidiary of HNEC  ( Top 100 Companies in China). 2011 they paid $0.08 for a 26.63% stake in Jiutian. NAV RMB 26.14cents or 5.7cents.
 
 

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