Support 1: 15.84                     Resistance 1: 14.66

We expect China Shenhua (1088 HK) continued bearish momentum will continue based on the technicals:  

1. Dark cloud cover the candle stick formation below the 50 SMA;
2. Strong bearish candle closes below the 38.2 Fibonacci retracement and support level 1;
3. Prices trends below both 50 and 200 SMA;
4. Significant series of lower highs and lower lows and prices have been respecting the downtrend line.

CHART LEGENDS

Red line = 200 periods moving average

Blue line = 50 periods moving average

Green line = 22 periods moving average