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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.

Monday, November 17, 2008

China Hongx 171108

As you can see from the chart, China Hongxing broke 3 rather important supports today - uptrend support (low blue), 0.225 support (pink --) and 0.215 support (blue ...).

The next important support for China Hongxing would be the 0.205 support (blue --). If that is broken, we could see China Hongxing going on a free fall like it did on 15 oct.

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For tomorrow :

Support @ 0.205 (blue --), 0.195 (mid red), 0.190 (lightblue --), 0.180 (lightblue ...)
Resistance @ 0.225 (pink --), 0.230 (red --), 0.232 (low blue, upp red), 0.245 (upp blue, pink ...)
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