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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.

Tuesday, December 25, 2007

China Sky 241207

Today, China Sky managed to break out of 2 resistance lines (upper blue and upper red). However, there was no volume.

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It will be critical on wed as you can see the 2 uptrend support and resistance (green) converging. If China Sky fails to break above this level (2.11), we may see it falling back to 2.034, where the downtrend resistance (upper red) and uptrend resistance (upper blue) meet.

Next support @ 1.972 (lower red), then 1.927 (lower blue).

Good Luck !!
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