Short: China Unicom (CHU 14.79) chart appears ready to topple

Rational: China Unicom (CHU 14.79) is beginning to display all the signs of a top. An extreme parabolic upward spike with excessive upside momentum suggest a topple could join it along with other Chinese stocks.

As the Chinese economy continues its secular growth cycle, many of these names fundamentally are still poised for future growth. However, a temporary correction seems imminent as reason meets irrationality.

Target: 13.69 (daily 20 EMA)

Stop: 15.90 (above Jan 3rd high)