Can Best World (CGN) go higher?

  • Best World (CGN) has again made new highs at high volume.
  • I have made many round trip trades for this stock. Everytime I sold, I had to buy back at a higher price.
  • Early last month, I decided to set aside a small amount to buy using my  SRS account. Plan for this trade is to try to ride the uptrend a bit longer, compared  my trades made using my margin account.
  • It is so high already. Can it go higher? My opinion is that the potential of China has not fully been factored in the price yet.
  • Stock split last month, so be primed for another rally.
  • As reference, I look at the long term historical charts of Herbal Life and NuSkin listed in US, both which are very strong trending charts. Meaning when it trends up, it really trends up. And when it trends down, it really trends down.

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