Sunday, March 12, 2006
China Hong Xing as requested by Andrew
Trading has been contained within the range set up by the belt hold candlestick formed on 1st March 2006. The high of this bar was $1.30 and the low was $1.04. On 8th March 2006 price drop to $1.05 almost testing the $1.04 support, it then formed a hammer like candlestick with a small upper shadow high of $1.16. $1.16 is now the immediate resistance that the present bullish engulfing pattern must overcome before it can test the all time high of $1.30. Immediate support is $1.05 the tail end of the hammer like bar which is just above the $1.04 support of the belt hold candlestick.
# posted by Cherie : 3:27 PM
