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.

Saturday, November 1, 2008

China Sky 311008

I think the immediate resistance for China Sky should be around the 0.230 level where the short-term uptrend support (low blue) meets the downtrend resistance (mid red) and 0.230 volume resistance (lightblue --).

If China Sky can maintain within the uptrend channel (blue), it may have a chance of testing the 0.230 resistance.

If China Sky breaks the uptrend support (low blue), next support looks to be around 0.200 (green --).

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For monday :

Support @ 0.215 (low blue), 0.205 (low red) 0.200 (green --), 0.180 (upp pink), 0.1416 (low pink)
Resistance @ 0.230 (lightblue --), 0.247 (mid red), 0.260 (upp blue), 0.265 (green ...), 0.285 (blue ...), 0.297 (upp red)
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