Thursday, June 13, 2013

**** Trading Sell: China Minzhong. Share price 0.95. (CFD Sell trade ONLY)

China Minzhong has broke 0.965 immediate support level which it has held above since Jan this year. More Downside likely to 0.900 then 0.87 if the 0.95 clears out completely. As long as 0.96 remains as resistance, more short term down tick in placed. Note that there is a slight Head and Shoulder formation with a breakdown of neckline support at 0.965, this could signal more weakness in the near term also.
Buy Stop at 0.975. 

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