Monday, June 14, 2010

Insurance (2010-06-14 ChinaLife analysis)



Above is the daily chart for China Life (2628.HK). The price is currently testing again the red resistance. Today the price broke upward but closed with black candle. Does it show that it has not enough power and momentum for breaking through? Though it also gets out of the downtrend channel, it has only been moving horizontally. Further great surge to break the resistance is needed to confirm bullish.

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