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

Lian Beng 141207

On 13 dec, Lian Beng broke through 2 support lines (0.75 and 0.74), closing just above the support line (dark blue) @ 0.735 (support @ 0.7317).

Today, it opened just above the support line @ 0.740, touched support (0.735) and closed @ 0.740 again.

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It should open @ around 0.735 on monday, which is where the downtrend support (middle down sloping) meets the uptrend support (dark blue).

If it doesn't open above 0.735 but breaks below 0.720 instead, next support could be at around 0.710 (6 dec low)

Resistance for monday @ 0.760

Good Luck !!
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