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.

Sunday, January 13, 2008

Ferro China 110108

Ferro China is still in on the downtrend (pink, red). And it's trading closer and closer to the longterm uptrend support (blue).

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Today's low of 1.68 is just 0.01 above the low of 19 dec. If Ferro China breaks the long term uptrend support (blue), we may see it testing the 1.60 level.

For monday :

Support @ 1.6665 (blue, lower pink), 1.6081 (lower red)
Resistance @ 1.705 (upper red, middle pink), 1.768 (upper pink)

Good Luck !!
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