China Zaino closed at $0.285 with a bearish marubozu candle. It dropped out from the current uptrend channel and also broke the 20D MA support line. If China Zaino can move up in the next few days, a new channel line (with different gradient) has to be redrawn. Otherwise it will be the end of the uptrend and the stocks will move into consolidation phase.
- Post author:Marubozu
- Post published:October 1, 2009
- Post category:China Zaino
- Post comments:0 Comments
Tags: Up Trend Channel