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.

Friday, March 28, 2008

China HongX 280308

China Hongx seems to be trading within the upper green channel, finding it difficult to break the resistance (upp green).

Photobucket

From the chart, you can see that China Hongxing's low is following the uptrend support (mid purple). China Hongxing seems to be heading into a corner.

If China Hongx doesn't break the resistance (upp green) next week, we might see it breaking the support (mid green), or even testing the 0.50 level at around the downtrend support (pink).

For monday :

Support @ 0.579 (mid purple), 0.550 (low purple), 0.534 (mid green), 0.510 (pink)
Resistance @ 0.6105 (upp green), 0.615, 0.6705 (upp purple)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)