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.

Saturday, January 12, 2008

China Sky 110108

As we have discussed on 9 jan, China Sky failed to maintain above the uptrend support (lower blue), and broke through 2 downtrend lines (red dashed). The day's low was just 0.03 off the longterm downtrend support (lower red).

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We should see China Sky trading sideways, provided it hold above the new downtrend support (green) which I've just added.

For monday :

Support @ 1.6957 (green), 1.6563 (lower red)
Resistance @ 1.7856 (lower red dashed), 1.8439 (upper red dashed), 1.8754 (lower blue)

Good Luck !!
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