I know relatives who are holding this stock hence this entry. It does look like Ferrochina has a possible double bottom formation. Confirmation would be a move above 1.66. However just above that there is a horizontal consolidation region forming resistance from 1.70-1.84. So that's not a good thing if one is hoping for this one to reverse and fly up.
Might be safer to go in if it goes above 1.84 instead. Just my guess.
