I believe CBAK could retrace up to the 1.80's. Its been seeing support at 1.25 since early November 2016 so now is a good time to buy, it only broke that support level once and then saw support at the 1.20 level. Im buying now with a stop loss set at 1.19 and taking profits at 1.40 which is a 12:5 risk reward ratio. 1.40 is the recent resistance level. I will continue to buy if it rallies past 1.40.