China Milk 110408

China Milk broke the long term resistance (mid red) and downtrend resistance (red --). Today is also the second time China Milk tested the 0.740 resistance (red ...). The 1st time being on 8 apr.



If China Milk opens above the two resistances (mid red, red --) on monday, there's a high chance it might break the 0.760 resistance (red ...).

Watch for volume for confirmation of a breakout.

For monday :

Support @ 0.7113 (mid red), 0.706 (upp red --), 0.700 (low blue), 0.650 (low red, low red --)
Resistance @ 0.740 (red ...), 0.756 (upp blue), 0.782 (upp red)

Good Luck !!