Disclaimer

Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Monday, December 10, 2007

Sky Petrol 081207


Sky Petrol showed great resilience to close @ 0.490 today. I've created a parallel trendline f which is based on trendline e, and you can see that it closed right on the line today, but still within the downtrend channel of g and h.


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If Sky Petrol opens above the resistance for tomorrow (0.4839), it may signal a trend reversal, provided there's volume (08dec vol - 2,914).

Good Luck !!

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