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 31, 2008

Sky Petrol 300508

Even after the Gravestone Doji on 22 may, there is still no sign of a trend reversal for Sky China Petrol. If we go back further to 14 mar, we can see another Gravestone Doji formed.

The trend for Sky China Petrol now is a little similar to the trend during the march period. So we could see more selling before Sky China Petrol reverses its down trend.

Looks like more patience is needed.

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For monday :

Support @ 0.305 (low blue), 0.304 (mid red), 0.300
Resistance @ 0.315 (green --), 0.322 (upp red), 0.323 (upp blue), 0.330 (light blue --)

Good Luck !!
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