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.

Saturday, March 15, 2008

China Sky 140308

China Sky continues to trade within the lower downtrend channel (red), touching the support (low red), with volume dropping below 1000 lots.

Photobucket(Please note that the volume is indicated wrongly)

If China Sky breaks this support, we might see it trading along the lower support (low pink --) and testing the 0.800 level.

For monday :

Support @ 0.932 (low red), 0.894 (low pink --), 0.773 (pink)
Resistance @ 1.067 (mid red), 1.173 (upp red)

Good Luck !!
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