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.

Thursday, March 13, 2008

China HongX 130308

China Hongx broke the downtrend support (mid pink --) today, and it is also trading closer and closer to the long term downtrend support (red).

Photobucket (please note that the volume is wrongly indicated)

If that support breaks, we might see China Hongx testing the 0.400 level.

For tomorrow :

Support @ 0.451 (red), 0.393 (low pink --)
Resistance @ 0.476 (mid pink --), 0.521 (upp pink --), 0.55 (low pink)

Good Luck !!
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