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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, February 9, 2009

China Hongx 090209

China Hongxing has been trading sideways between 0.195 (red --) and 0.185 (red ...) for the past 2 weeks.

We could be looking at some action for China Hongxing soon as the downtrend resistance (upp pink) meets with the uptrend support (low blue) at about the 0.185 level (red ...).

If China Hongxing is still unable to break out by then, we could see it testing the 0.180 soon, or even breaking it.

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For tomorrow :

Support @ 0.190 (upp pink, lightblue --), 0.185 (low blue, red ...), 0.180 (lightblue ...)
Resistance @ 0.190 (lightblue --), 0.195 (upp blue, red --), 0.200 (blue --), 0.205 (green --)
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