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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.

Saturday, January 5, 2008

Ferro China 040108

Although Ferro China is now trading below the uptrend channel (light blue), it still managed to stay above the long term downtrend (red).

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I've added a short term downtrend channel (purple).

For Monday :

Support @ 1.756 (lower purple), 1.709 (red), 1.655 (blue)
Resistance @ 1.821 (upper purple), 1.868 (lower light blue)

Good Luck !!
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