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 12, 2008

CH Offshore 110108

CH Offshore finally broke down when it failed to support the neckline (0.755) of the double-bottom it was forming since it started to go on a downtrend from nov onwards.

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You can see CH Offshore is now trading below many support and resistance trend lines. So it might be a while before we can see CH Offshore reversing its downtrend.

For monday :

Support @ 0.7105 (middle red, lower pink), 0.683 (lower red)
Resistance @ 0.7522 (upper red), 0.763 (upper pink), 0.7711, 0.780

Good Luck !!
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