Descending Triangle in CMED

China Medical Technologies (CMED)
This is a bearish pattern and breaking of the support line, with a close below $12.50, would signal a breakdown. Very bearish compared to China ETFs. CMED tracked FXI and HAO higher until June 2009, since then CMED is down more than 40%, while FXI is up less than 10% and HAO is up more than 20%.