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.

Monday, February 11, 2008

China Sky 110208

After our discussion on 30 jan, China Sky couldn't maintain its uptrend momentum and traded sideways.

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China Sky managed to break above the downtrend resistance (upp red) today but closed right on the resistance line. I've added a parallel support (low blue) to see if China Sky can trade within this channel (blue).

If China Sky fails to maintain its momentum, we might see it trading within the downtrend channel (red).

For tomorrow :

Support @ 1.442 (low blue, upp red), 1.332 (mid red), 1.20 (low red)
Resistance @ 1.541 (mid blue), 1.64 (upp blue)

Good Luck !!
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