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.

Tuesday, January 8, 2008

China Sky 080108

AS what we have discussed on 4 jan, China Sky failed to maintain its uptrend momentum on 7 jan when it closed below the uptrend support (lower light blue) and uptrend resistance (upper blue dashed).

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You can see from the chart China Sky has also slipped into the long term downtrend channel (red) today. It has also broken through the uptrend support (lower blue dashed).

I've added in another support line (blue) which joined the lows of 22 nov and 18 dec.

For tomorrow :

Support @ 1.90 (red dashed), 1.8676 (lower blue), 1.79 (22 nov low)

Resistance @ 1.99-2.00 (upper red, upper blue), 2.07 (upper blue dashed), 2.1 (lower light blue)

Good Luck !!
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