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 31, 2008

China HongX 310308

Although China Hongx is still trading within the uptrend channel (purple), there could be some signs of profit taking as China Hongx closed on the day low.

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Looking at the chart, the resistance looks to be around the 0.650 level (red --).

For tomorrow :

Support @ 0.5685 (mid green), 0.5316 (low green), 0.5022 (pink)
Resistance @ 0.6055 (low purple), 0.6272 (upp green), 0.650 (red --)

Good Luck !!
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