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.

Sunday, February 3, 2008

China Aviation Oil 010208

After recovering from its 22 jan low, China Aviation Oil seems to be trading sideways for the time being.

Photobucket

However, it did managed to close just above the downtrend support (mid red) on 1 feb. If China Aviation Oil breaks this support, it may trade within the lower downtrend channel (red --). Could it also be doing a Double-Bottom formation like Cosco?


For monday :

Support @ 1.507 (low blue), 1.485 (mid red, upp red --), 1.367 (low red --), 1.351 (low red)
Resistance @ 1.654 (upp blue), 1.702 (pink), 1.74 (upp red)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)