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, March 25, 2008

China Aviation Oil 250308

China Aviation Oil is another counter that hit the long term downtrend support (red) on 20 mar, and recovered to break above the downtrend resistance (mid pink, upp red --) today.

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I've added a short term uptrend channel (purple) and if China Aviation Oil can maintain within this channel, we might see it testing the downtrend resistance (upp pink) around the 1.62 level.

1.50 looks to be the resistance for the time being.

For tomorrow :

Support @ 1.388 (mid pink), 1.373 (upp red --), 1.327 (low purple), 1.279 (low red --)
Resistance @ 1.50, 1.55 (upp purple), 1.633 (upp pink)

Good Luck !!
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