Is Major Move Coming For China Auto Logistics Inc (CALI) After This Bearish Double Bottom Chart Pattern? - Press Telegraph

August 21, 2017 - By Migdalia James

The chart of China Auto Logistics Inc (CALI) shows a double bottom with $2.00 target or 5.00 % below today’s $2.10 share price. The 9 months chart pattern indicates high risk for the $8.47 million company. It was reported on Aug, 21 by Finviz.com. If the $2.00 price target is reached, the company will be worth $423,500 less. Double bottoms are rare but powerful chart patterns.

It is 0.00% or $0 reaching $2.1 per share. It is down 125.69% since August 21, 2016 and is uptrending. It has outperformed by 108.99% the S&P500.

More notable recent China Auto Logistics Inc (NASDAQ:CALI) news were published by: Thestreet.com</a> which released: “China Auto Logistics (CALI) Stock Soaring on Subsidiary Sale” on June 07, 2016, also Seekingalpha.com</a> with their article: “SEC Brings Fraud Charges Against Promoters Of China Auto Logistics And Guanwei …” published on May 07, 2014, Seekingalpha.com</a> published: “China Auto Logistics’s (CALI) CEO Tong Shiping on Q1 2017 Results – Earnings …” on May 16, 2017. More interesting news about China Auto Logistics Inc (NASDAQ:CALI) were released by: Seekingalpha.com</a> and their article: “China Auto Logistics’ (CALI) CEO Tong Shiping on Q2 2017 Results – Earnings …” published on August 16, 2017 as well as Quotes.Wsj.com</a>‘s news article titled: “China Auto Logistics Inc.” with publication date: February 12, 2011.

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