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.

Saturday, March 8, 2008

China HongX 070308

China Hongx continues to trade within the downtrend channel (pink). It also broke the 0.605 reversal point and short term uptrend support (green) on 5 mar.

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Will China Hongx test the 0.480 low on 22 jan ? If it continues on trading within the downtrend channel, there is every chance it would.

For monday :

Support @ 0.552 (upp pink --), 0.511 (low pink --), 0.4954 (red)
Resistance @ 0.582 (low pink), 0.620 (upp pink), 0.634 (green)

Good Luck !!
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