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.

Wednesday, April 30, 2008

China HongX 300408

China Hongx opened below the 0.650 support (blue --) today but after that, it was trading upwards. China Hongx also managed to recover some of yesterday's loss to close above the uptrend resistance (mid blue) and downtrend resistance-turned-support (mid black).

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If China Hongx opens above the downtrend support (mid black) on friday, there's a good chance we might see it testing the downtrend resistance (low red ...).

For friday :

Support @ 0.661 (mid black), 0.654 (low blue), 0.650 (blue --), 0.644 (upp red), 0.618 (low red)
Resistance @ 0.683 (mid blue), 0.693 (low red ...), 0.718 (upp blue), 0.720 (red --), 0.743 (upp black, upp red ...)

Good Luck !!
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