Wednesday, September 12, 2007

ZNH- China Southern Airlines Company Limited

ZNH has strong support in the $61 dollar range. Looks like it might be in the making of a pullback from $64. 61 would be an ideal entry point. Resistance is very minimal, not enough to worry about.

Only thing I don't like about ZNH is that it's only trading around 80,000 shares. MACD looks like momentum might be slowing down.

This looks like a good swing trade opportunity. I'll see if this comes down in price over the next couple days. If it does I'll buy a small position in this and ride it a couple days.

Be sure to do your own research first.




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