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.

Wednesday, March 19, 2008

China HongX 190308

China Hongx almost broke the downtrend support on 17 and 18 jan. Although it opened higher today, volume remained almost the same as yesterday's, and China Hongx also failed to break the downtrend resistance (upp pink --).

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China Hongx is still trading within the downtrend channel (pink --). And if it continues to do so, we might see it testing the 0.400 level soon.

For tomorrow :

Support @ 0.430 (low green), 0.4074 (red), 0.3643 (low pink --)
Resistance @ 0.445 (mid pink --), 0.4862 (upp pink --), 0.5387 (upp green)

Good Luck !!
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