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, April 14, 2008

China HongX 140408

China Hongx broke the 0.595 support (green --) today, and is still trading within the downtrend channel (pink).

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We might see China Hongx testing the 0.545 support (blue --) before there's any chance of it reversing up.

For tomorrow :

Support @ 0.566 (mid red), 0.545 (low red, blue --), 0.536 (low pink)
Resistance @ 0.581 (low purple, upp pink), 0.595 (green --), 0.610 (blue ...), 0.627 (upp purple)

Good Luck !!
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