Could China Auto Logistics Inc (CALI) See a Reversal After Having Formed Several Months Bearish Double Bottom ... - BZ Weekly

September 10, 2017 - By Adrian Erickson

The chart of China Auto Logistics Inc (CALI) shows a double bottom with $1.99 target or 3.00 % below today’s $2.05 share price. The 5 months chart pattern indicates high risk for the $8.27 million company. It was reported on Sep, 10 by Finviz.com. If the $1.99 price target is reached, the company will be worth $248,100 less. Double bottoms are rare but powerful chart patterns.

It closed at $2.05 lastly. It is down 125.69% since September 10, 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: Quotes.Wsj.com</a> which released: “China Auto Logistics Inc.” on February 12, 2011, also Seekingalpha.com</a> with their article: “China Auto Logistics’ (CALI) CEO Tong Shiping on Q2 2017 Results – Earnings …” published on August 16, 2017, 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: Marketwired.com</a> and their article: “China Auto Logistics Reports 2016 Full Year Results” published on March 28, 2017 as well as Seekingalpha.com</a>‘s news article titled: “SEC Brings Fraud Charges Against Promoters Of China Auto Logistics And Guanwei …” with publication date: May 07, 2014.

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