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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.

Tuesday, January 1, 2008

Ferro China 311207

Although Ferro China managed to break the long term downtrend resistance (red), there wasn't enough volume to make a trend reversal convincing.

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We would have to see if the momentum can be maintained on wed.

For wed :

Support @ 1.8083 (lower light blue), 1.7754 (red), 1.6767 (red dotted)

Resistance @ 1.9009 (upper light blue), 2.0205 (light blue dashed), 2.1581 (green)

Good Luck !!
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