China Sky 300508

After forming a Gravestone Doji on 27 may, China Sky saw heavy volume traded on 29 and 30 may, with support at the 1.03 level (blue ...).

Since the it was a downtrend prior to the Gravestone Doji, we could see a trend reversal for China Sky soon. For that to happen, we would first have to see China Sky trading above the uptrend support (low green), and breaking the 1.07 neckline (green ...).

If China Sky breaks the uptrend support (low green) and 1.03 support (blue ...), we could see China Sky testing the 1.00 support (blue --).



For monday :

Support @ 1.03 (blue ...), 1.00 (low pink, blue --)
Resistance @ 1.035 (low green), 1.047 (upp red), 1.055 (upp pink), 1.07 (green ...), 1.085 (low pink --)

Good Luck !!