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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.

Sunday, November 30, 2008

China Hongx 281108

Two days on Doji for China Hongxing, and it's being pushed further into a corner formed by the long term downtrend resistance (upp red) and uptrend support (low blue). So we might see some action for China Hongxing this week.

If China Hongxing continues to trade within the downtrend channel (red), we could see it testing the 0.170 support (green --).

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For monday :

Support @ 0.190 (lightblue --), 0.180 (lightblue ...), 0.178 (low blue), 0.173 (mid red), 0.170 (green --)

Resistance @ 0.190 (upp red, lightblue --), 0.196 (upp blue), 0.200 (blue --), 0.215 (blue ...)
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