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 5, 2008

Lian Beng 040108

Lian Beng's run since 18 dec has been quite breath-taking. From a low of 0.695 (18 dec) to a high of 0.82 (3 Jan), gaining almost 18% !

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The psychological resistance of 0.795 has now become the support (blue dashed). However, we could see this support being fully tested on Monday. As you can see from its chart, Lian Beng's falls are equally 'breath-taking' too. So be prepared for a roller-coaster ride !

For Monday :

Support @ 0.795, 0.7824, 0.7726, 0.7645, 0.7448 (lower blue dotted)
Resistance @ 0.809 (red dotted), 0.8329

Good Luck !!
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