Monday, February 13, 2006

China Flexible Package Holding (C59) has a bad chart


China Flexible Package Holding (C59) has a bad chart. 3 black crows pointing towards a bearish environment. OBV already kissed its trend line and the 15 DMA also violated. ADX curled down, RSI equally bearish and cut crossed the 50 mark MACD also already –ve crossed... The clear cut out pattern happened to be very bearish Double Top. From the chart wise it is unlikely for an upward movement any time soon. Probability of more falls is great!

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