Disclaimer

Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Monday, December 17, 2007

China Sky 171207

China Sky again managed to trade above the 3 downtrend resistances (red). It even broke above the uptrend support (blue dashed) momentarily.

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Stepping back a little to see a bigger picture, the intersection of the long term downtrend resistance (red) and the uptrend support (blue dashed) seems to suggest that we may see China Sky trading sideways for the time being, probably around the 1.90 region. Before attempting to break out at abt 1.92 - 1.93.

Good Luck !!
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