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, January 5, 2008

CH Offshore 040108

CH Offshore managed to trade above the long term downtrend resistance (red) and closed just on the long tern uptrend support (blue).

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It will be interesting to see if CH Offshore can maintain its uptrend momentum on Monday. I've added in a new uptrend channel (green).

For Monday :

Support @ 0.7966 (lower green), 0.785 (red), 0.780 (red dashed)
Resistance @ 0.821 (blue), 0.8316 (upper green),0.8368 (blue)

Good Luck !!
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