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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.

Sunday, January 13, 2008

Lian Beng 110108

What a fall from its high of 0.820 on 3 jan. Lian Beng has now given up almost all its gain since 18 dec.

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Lian Beng has now formed the triple top, with its neckline around the 0.670 to 0.680 region. I won't be surprised to see Lian Beng testing this neckline in the next few days.

If the neckline holds, we may see Lian Beng propelling to new record highs. If the neckline breaks, Lian Beng will probably find support @ about the 0.570 region.

For monday :

Support @ 0.6879 (middle red dotted), 0.6734 (lower red dotted), 0.670 (neckline), 0.660 (red)

Resistance @ 0.708 (upper red dotted), 0.7333 (middle red)

Good Luck !!
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