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.

Wednesday, January 23, 2008

CH Offshore 230108

As discussed on 11 jan, after breaking the psychological support of 0.780, CH Offshore tumbled before finding some support @ 0.560 on 16 jan.

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From the chart, we can see that CH Offshore is now trading below many support. It did, however, managed to find some support along the lower 2 trendlines (low red, low pink - -).

If CH Offshore maintains this downtrend, we may see it testing 0.450 next week, as indicated by the merging of the bottom 2 support trendlines (low red and low pink - -).

For tomorrow :

Support @ 0.520 (low pink - -), 0.500 (low red)
Resistance @ 0.562 (upp pink - -), 0.578 (upp red)

Good Luck !!
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