China Health Resource Inc. (CHRI.OB) Sees Surge in Trading Activity in Light of Recent Business Activity
This China based Agriculture Company recently announced the addition of a Chinese Herbal Medicine expert. Jia Minru a Medicinal expert joined the company’s team and brings over 40 years of experience to the company. He is a professor at the Chinese Medicine University. Mr. Minru is responsible for a number of advanced studies Chuan DAR GAP. His addition will almost certainly give Suining Chuan a competitive advantage in the commercialization and scientific advancement of Dahurian Angelica Root and other medicinal herbs.
Shortly after the announcement, the trading volume surged above 1 million. The Volume average is around 300K, so this is a significant increase in trading activity. The 50-day moving average also began trending upwards toward the 100-day moving average indicating a possible trend reversal for the stock. When looked at in a Point and Figure Chart, a Three-box reversal pattern is showing. On a Candle chart volume is far stronger on upwards movement and weak on downward movements. All of these are excellent technical indications of a price reversal for China Health Resources.
China Health Resources Inc. and its subsidiaries are focused on developing and commercializing Dahurian Angelica Root. They are located in the Suining, Sichuan province of China where 70% of China’s DAR output comes from. The company intends to build a total value chain at every step of the DAR Industry, from production to research. The company currently has 11,000-mu DAR field and has built a GAP research basement of 2,000 mu, planting field of 11,000 mu. They also have a number of research agreements with Chinese universities and professors providing a strong platform for R&D.
Let us hear your thoughts: China Health Resource, Inc. Message Board