Monday, October 29, 2007



China XLX. Was once in my radar but I totally forgotten about it until my friend reminded me to take another look at it.

From the chart, I've drawn out 2 important prices. the region between 1.14 and 1.21.

1. Circled. The number of times 1.14 had been tested since price broke and how it became the support last week.

2. "Doji" seems like a reversal in at play with the price testing 1.21 which i feel is one resistant level.

3. The line, could in a way, I feel signify that a reversal is comfirmed..

I think this can be a good counter to consider if it opens with a gap up and if highly traded.

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