China pharma stocks (blue) continue to drift lower and China textile-related stocks (red) started to show signs of weakness:
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China Pharma Stocks Update (08 Sep 2006)
Most of the China stocks either rise or stay stagnant in August, with the exception of the Pharma Group which continues to slide (light brown color in Chart 1):
Counters in this group are (in order of their Bearishness):
- AsiaPharm (55, Shown in chart below)
- C&O (36)
- Reyoung (29)
- Star (16)
- Tianjin (16)
- Pharmesis (0)
AsiaPharm's share price did a Death Cross on 04 Aug (Chart 3 above) and its Bearishness signal has been rising while its Bullishness signal stays close to zero since then.
China Pharma Stocks (01 Sep 2006)
Both Group Average Price (Chart 1) and Group Total Trade (Chart 2) continue to fall since April and early May:
