China Sunergy posted a record profit for the year 2010, althought the stock price is showing difficulties to rise and no signs of recovering to highs achieved in the midlle of 2007 above the $ 16.
The orange line today displays a short term downward trendline, that if broken can take the stock prices near the 4.80 resistance.
We will look at the next revisions of the price targets as a catalyzer to drive the prices higher.
After a dismal close today, the price should open tomorrow above the 4.20 and test again the level of 4.40.
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