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.

Thursday, November 20, 2008

China Hongx 201108

China Hongxing today opened and closed right on the long term downtrend support (mid red). China Hongxing also tested the 0.180 support (lightblue ...) after breaking the 0.205 support (blue --) on 18 nov, 1 day after our last discussion.

China Hongxing also formed a Doji today. Since China Hongxing has been sliding over the last few days, a Doji usually indicates a rebound. That would have to depend if China Hongxing can maintain trading above the 0.180 support (lightblue ...) at least.

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For tomorrow :

Support @ 0.182 (low blue), 0.180 (mid red, lightblue ...), 0.170 (green --), 0.154 (low red)
Resistance @ 0.190 (lightblue --), 0.205 (blue --), 0.210 (upp blue), 0.215 (blue ...)
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