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, April 11, 2008

China HongX 110408

China Hongx seems to have found temporary support @ 0.590 (green --). It also closed on the 0.610 psychological resistance level (blue ...).

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Will China Hongx open above the 0.610 resistance on monday ? Or will it trade between the 0.590 and 0.610 levels ?

If China Hongx can stay above the 0.610 level, we might see it testing the 0.650 resistance level (red --).

If China Hongx trades below the 0.590 level, it would most likely test the 0.545 support (blue --)

For monday :

Support @ 0.600 (mid red), 0.595 (upp pink), 0.590 (green --), 0.565 (low pink), 0.552 (low red), 0.545 (blue --)

Resistance @ 0.610 (blue ...), 0.633 (upp purple), 0.650 (red --), 0.655 (upp red)

Good Luck !
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