Monday, December 6, 2010

JPHK Update (2010-12-06)



1229.HK surged 32% today, and it went as high as 2.75. It has already reached, or broke, the predicted level I said on last Friday. Clearly there was a resistant at around 2.38. However, we can still wait one or two more days to see whether it can break this level. If the price can successfully pass 2.38 and stay above it, the next resistant would be at 3.2.

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