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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, March 3, 2008

China HongX 030308

China Hongx has broke below the short term uptrend channel (green) on 25 feb, and continues to trade within the downtrend channel (pink).

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As discussed, we may see China Hongx testing the reversal point of 0.605 very soon.

For tomorrow :

Support @ 0.594 (low pink), 0.540 (upp red)
Resistance @ 0.650 (upp pink)

Good Luck !!

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