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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.

Thursday, November 13, 2008

China Hongx 131108

China Hongxing broke the uptrend support (low blue) today. Although it opened on the 0.215 support (blue ...), China Hongxing still managed to close on a high at the 0.225 resistance (pink --).

We could see China Hongxing trading sideways between the 0.215 support and 0.225 resistance as it tries to find its direction.

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For tomorrow :

Support @ 0.215 (blue ...), 0.205 (blue --), 0.203 (mid red), 0.190 (lightblue --)
Resistance @ 0.225 (pink --), 0.230 (low blue, red --), 0.242 (upp red), 0.245 (pink ...)
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