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.

Saturday, May 10, 2008

China Sky 090508

China Sky seems to have found temporary support at the 1.14 level (light blue --), which is also concurred by the volume distribution bars.

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China Sky is still trading within the uptrend channel (green). We might see further consolidation, supported at 1.14, and if this support holds, we might see China Sky testing the short term downtrend resistance (upp pink) or even the uptrend resistance (upp green).

However, if the 1.14 support breaks, we might see China Sky testing the 1.10 support (green --).

For monday :

Support @ 1.14 (low green, light blue --), 1.10 (green --), 1.08 (low pink)
Resistance 1.16 (upp red), 1.188 (upp pink), 1.20 (upp green)

Good Luck !!
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