They say women's money is the easiest to earn. Well, ask Hongguo and you will know. This ladies fashion footwear manufacturer is no less of a wonder china stock. After a double top and breakdown of its main uptrend channel in may'06, it started a downtrend that lasted a month. In end june'06, it brokeout of the downtrend channel and looked set to resume its previous upwards 
momentum. At the moment, 0.73 will be a signifant resistance. It is less likely for it to penetrate convincingly at the moment. It looks more likely to consolidate along the downward resistance trendline and supported by 0.625 before gathering enough momentum to retest 0.73 and breakthrough its all-time high of 0.75.
momentum. At the moment, 0.73 will be a signifant resistance. It is less likely for it to penetrate convincingly at the moment. It looks more likely to consolidate along the downward resistance trendline and supported by 0.625 before gathering enough momentum to retest 0.73 and breakthrough its all-time high of 0.75. 
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