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Regards,
Don
Tag: CSGH
This is a stock which i have been watching for quite sometime. I definitely like the technology.
CSGH:OTC BB
Description
China Sun Group High-Tech Co. (CSGH), through its operating subsidiaries in the People’s Republic of China, is engaged in the production and sales of cobaltosic oxide and lithium cobalt oxide, both anode materials used in lithium ion rechargeable batteries in the People’s Republic of China. As of May 31, 2009, the Company’s only operations were conducted through Dalian Xinyang High-Tech Development Co. Ltd (DLXY), which is engaged in the business of manufacturing and selling cobaltosic oxide products. These products are primarily manufactured, marketed and sold in the People’s Republic of China. DLXY provides a selection of cobalt products, such as battery cobalt carbonate, nano-level cobaltosic oxide and high-crystallinity ball lithium cobalt oxide. DLXY also provides substitute products, including lithium iron phosphate (LiFePO4).
Regards,
Don
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Those Investors who may have watched some of our stock picks on pennystockdd.com may have seen a 20% increase in price this past week when XOMA hit $1.01 and CSGH hit a new 52 week high at $1.50.
We hope some of you may have profited from these moves. I continue to hold CSGH.
Good luck this coming trading week.
Regards,
Don
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
