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 21, 2008

China Sky 210408

China Sky broke out from the long term downtrend resistance (upp red) with volume today. It also came within 1 cent of testing the uptrend resistance (upp green).

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If China Sky can open above the downtrend resistance (upp pink --) tomorrow, there's a high chance it might test the 1.10 resistance level (red --).

For tomorrow :

Support @ 1.013 (low green, mid pink --), 1.00 (blue --), 0.990 (upp red)
Resistance @ 1.05 (upp pink --), 1.08 (upp green), 1.10 (red --), 1.14 (pink --)

Good Luck !!
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