Chart Pick - China Sun

Someone asked me, how to measure the price target of a stock if it has broken the double top neckline. My answer is the distance from support break to peak can be subtracted from the support break for a price target. In this case, China Sun price target should be 63 cents. By the way, China Sun closed right at 50% downward fibonacci retracement yesterday. (66 cents) We might see a technical rebound from here if not the next support would be the 61.8% downward fibonacci retracement at 57 cents.

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