Monday, December 17, 2007

China milk

Snap TA for chinamilk. A bit messy, I know.

3 supports come together at 1.05 for chinamilk. Long term trend line (tested 4 times), horizontal support at 1.05 and fibo retracement zone. I suppose that will be a good entry point. Being cheapskate and being half-hearted to go in, I queued at 1.04 :)

HKSE opens at 10am. That might be my small window of opportunity to enter at that price. The last I saw around 920am, there's only 141 k queuing at 1.04 and I'm one of them. Might have a chance. If break 1.05 convincingly, might see it hitting 0.965/0.970 - August low.