Sunwin International Neutraceuticals Inc (OTC:SUWN) has been pressing on the resistance at $0.35 for a couple of days. At last at the beginning of this session SUWN managed to overwhelm it and opened with a gap at $0.39.
However, it is not clear how SUWN will end the day. It has been floating around the mention resistance since the start of October without the support of any news or official reports.
With this informational silence at hand, SUWN made a noticeable volume surge last Friday. Then, the volume hit 923 thousand shares, which is tens of times higher than the daily average.
In fact, the stock had been supported by a climbing MACD which broke above the zero line three weeks ago and has been going up since then.
Apparently, the Chinese company has been driven by technical factors these days, but it is not clear how long SUWN will hold the positive technical set-up.
