CSGH is continuing to climb higher in a solid uptrend.
As we expected, the stock moved up to test resistance at $1.26. The heavy volume is a very good sign. It means the breakout had broad participation. More importantly, it suggests $1.26 will now be a solid level of support.
After blowing through the $1.26 level, CSGH went on to set another new high for us $1.43.
We expect the shares to trade sideways for a bit to consolidate this strong upward move. However, we could have a catalyst later this month to send the stock higher.
Remember, lithium iron phosphate is the company’s next generation component for electric and hybrid vehicle batteries.
Next resistance around $1.80.
Regards,
Don

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