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.

Wednesday, January 30, 2008

China Sky 300108

China Sky was trading within the steeper downtrend channel which I added on 28 jan. Short term support looks to be at around the 1.35 level.

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I've added a short term uptrend support (blue), which happened to meet the downtrend resistance (upp pink) at 1.40 on 31 jan. So we may see some action tomorrow.

For tomorrow :

Support @ 1.40 (blue), 1.325 (mid red), 1.285 (low red, mid pink)
Resistance @ 1.40 (upp pink), 1.494 (upp green), 1.511 (upp red)

Good Luck !!
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