May 28, 2017

China Sunsine Rubber Chart Support and Resistance

China Sunsine is principally engaged in the production of rubber chemicals, namely rubber accelerators, rubber antioxidants, and vulcanizing agents insoluble sulphur which are all essential rubber chemicals for the production of rubber tyres and other rubber products. Its production facilities are situated in Shanxian, Shandong Province, China. It serves all the global top 10 tyre manufacturers - Bridgestone, Michelin, Goodyear, Continental, Pirelli, Sumitomo, Yokohama, Hankook, Cooper, Kumho Tires - and more than 600 other customers in China and the world. It sells its products in China, as well as exports its products to more than 30 countries around the world.


26 May 17
Above 200MA
Forming double Top, bearish engulfing, moving toward 50MA.
If drop below 50MA, may breakout of 0.69 support. 

1 comment:

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