ChinaFish 24-Aug-10 (Sell)

Trading below mid term downtrend line (Red line). Last few days movement seems bullish but done with low volumes. Aggressive traders can consider shorting at these prices. Alternatively, observe price movement in subsequent days to see if $1.94 can be tested [Retesting of short term uptrend support (Green line)].

On the support side, $1.75 seems to be strong support. Any fall at this point, subsequently breaking below $1.75 will be the ideal scenario for short traders.