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.

Tuesday, November 11, 2008

China Hongx 111108

After hitting the 0.260 resistance (green --) yesterday, China Hongxing dropped below the uptrend resistance (upp blue) and nearly tested the downtrend support (mid red) today. China Hongxing closed on the 0.225 support (pink --) today.

Tomorrow is going to be another crucial day for China Hongxing as the 0.215 support (blue ...) could come under fire. If China Hongxing can hold onto the 0.215 support, we could see it trading sideways, with 0.230 resistance (red --) being the upside limit.

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For tomorrow :

Support @ 0.225 (pink --), 0.220 (low blue), 0.215 (blue ...), 0.211 (mid red), 0.205 (blue --), 0.190 (lightblue --)

Resistance @ 0.225 (pink --), 0.230 (red --), 0.245 (pink ...), 0.250 (upp red, upp blue)
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