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.

Thursday, April 24, 2008

China Sky 240408

China Sky gapped up and opened above the 1.14 resistance level (pink --). However, there was selling pressure later on and China Sky closed just 1 cent above its opening price.

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We could see China Sky being forced into a corner sometime next week. If China Sky can hold onto its support (mid green), we might see it breaking out of the downtrend resistance (upp red).

If the support doesn't hold, China Sky might revert to the 1.14 support (pink --) or even the 1.10 support (red --).

For tomorrow :

Support @ 1.16 (mid green), 1.14 (pink --), 1.10 (red --), 1.043 (low green), 1.027 (low red)
Resistance @ 1.213 (upp red), 1.27 (upp green), 1.35 (red ....)

Good Luck !!
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