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.

Saturday, December 15, 2007

CH Offshore 141207

As mentioned previously, there was indeed action on 12 dec. It was a false break. As you can see from the chart, CH opened the next day below the previous day's closing, and it even broke down the support line (blue).

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Looking at the downtrend channel (red - dotted), we could see CH testing 0.755 (22 nov low) next week.

For Monday :

Support @ 0.775
Resistance @ 0.835 (which coincides with downtrend resistance - red)

Good Luck !!

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