China Milk 090508

The break above the 0.820 resistance (red --) was short-lived, as China Milk tumbled back down to earth, even breaking the uptrend support (upp blue).



China Milk is now trading quite close to the long term downtrend support (mid pink). If that support breaks, we might see China Milk testing the 0.740 support (red ...).

If China Milk can trade within the uptrend channel (blue), and above the uptrend support (low blue), there's a chance it might test the 0.820 resistance (red --) again next week.

For monday :

Support @ 0.790 (low blue), 0.775 (mid pink), 0.753 (low pink), 0.740 (red ...)
Resistance @ 0.800 (mid blue), 0.820 (upp blue, red --), 0.835 (red), 0.840 (4 mar, 9 may peak)

Good Luck !!