Dukang - Downtrend Since Jan 2017

Got a high volume alert on this PRC company so I just see see look look at the chart.  Some speculative buys by big players, anyway PRC company better don't touch.

“Dukang”  is a well-established national brand name with a rich cultural heritage focusing on the mid to high-end baijiu market in the PRC. With its extensive range of affordably priced products, the Group’s “Siwu” brand targets the mass to mid-end baijiu market and has an established consumer base in Henan Province. The Group’s products are sold through distributors mainly to hospitality establishments, supermarkets and specialty stores selling tobacco and alcohol products in the PRC. With the completion of the acquisition of Luoyang Dukang in May 2010, the Group has increased its production capacity significantly, as well as strengthened its market position and competitive edge in Henan Province and in the PRC’s baijiu industry. “

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.