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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

SPC 081207


SPC did indeed breakout of channels c and e but it was break down. SPC opened below the uptrend support e, touched support (green) @ 7.35 and closed @ 7.40.


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I believe 7.35 is a strong support but SPC has tested it 3 times in a week. Next support can be seen @ 7.20, based on trendline d which I have extended.

Good Luck !!

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