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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.

Tuesday, March 25, 2008

China Sky 250308

China Sky broke 2 downtrend resistance today (low red, red --) with volume. It also tested the long term downtrend resistance (upp pink).

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I've added a short term uptrend channel (purple) and if China Sky can maintain within this channel, it might test the downtrend resistance (upp red) at around the 1.10 level.

For tomorrow :

Support @ 0.880 (low red), 0.836 (low purple), 0.790 (red --), 0.771 (upp pink --)
Resistance @ 1.007 (upp pink), 1.041 (mid purple), 1.15 (upp red)

Good Luck !!
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