Bull in China?

CHINA SKY CHEMICAL FIBRE (23.5 cents) – Overextended
- Prices are somewhat overextended
- Prices may ease
- Support is at 17 cents
- Resistance is at 25 cents

CHINA GAOXIAN FIBRE (33 cents) – Correction likely
- Looks overstretched
- Strongest upmove is perhaps over for the year
- Support is at 30 cents
- Resistance is at 34 cents

ERATAT LIFESTYLE (23 cents) – Breaks out of rectangle
- Shooting star has appeared which suggests a temporary retreat
- Support is at 22 cents
- Breakout indicates eventual target of 27 cents
- Technicals suggest uptrend can be sustained

LI HENG CHEMICAL FIBRE (22 cents) – Breakout level at hand
- Prices are at 24 cents resistance
- Suggests breakout of 24 cents resistance level indicates a target of 30 cents
- Support is at 21 cents

OCEANUS (29.5 cents) – Entrenched downtrend
- Prices are still in downtrend
- Resistance is at downtrend line at 32 cents
- Break below 29 cents would indicate a target of 22 cents

SINOTEL TECHNOLOGIES (35 cents) – Testing top of base
- Prices have just retreated from neckline at 37 cents
- Support is at 34 cents
- Successful breakout would indicate a target of 45 cents

(Source: TheEdgeSingapore December 20, 2010)