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.

Tuesday, December 11, 2007

SPC 111207

What an exciting day for SPC today. First signs of a break out was when SPC broke 7.65, where trendlines b and e met.

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Another sign was when it broke the 7.75 resistance, which is also where trendline c indicated (@ 7.73) the resistance would be at for today.

I have joined the peaks of 3 and 6 dec and extended it (trendline f), and it clearly shows the resistance was @ 8.00 for today.

$8 still proves to be a psychological barrier. If that breaks, the next resistance level would probably be @ 8.25 which is the low for 6 and 7 nov.

Good Luck !!
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