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.

Friday, December 21, 2007

China Sky 211207

China Sky managed to break through the resistance of 2.00 as indicated yesterday. Just that there wasn't enough volume, so this uptrend may not be sustainable.

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Having said that, Monday should be interesting for China Sky. As you can see, there are many lines converging on Monday. If China Sky is able to open @ 1.98 and above (lower red), and break 2.02 resistance (upper blue), there would a high chance that China Sky can maintain its uptrend momentum.

All the more better if China Sky can break the 2.05 resistance (upper red), and with volume.

Support @ 1.92 (lower blue)

Good Luck !!
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