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, March 10, 2008

China HongX 100308

China Hongx slipped into the lower downtrend channel (pink --) today.

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If it continues trading within this channel, it won't be long before it tests the long term downtrend support (red).

For tomorrow :

Support @ 0.5017 (low pink --), 0.4841 (red), 0.480 (22 jan low)
Resistance @ 0.5456 (upp pink --), 0.573 (low pink), 0.6125 (upp pink)

Good Luck !!
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