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.

Tuesday, January 8, 2008

Sky Petrol 070108

With the uptrend support (lower light blue) meeting the psychological resistance (green dashed), Sky Petrol seems to be heading into a corner.

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If Sky Petrol cannot break above the psychological resistance, we may see it trading within the downtrend channel (purple) soon. Sky Petrol would also need to break above the long term downtrend (lower red).

Volume on 7 jan was 2,890 lots.

For 8 jan :

Support @ 0.4456 (upper purple), 0.4307 (lower purple)
Resistance @ 0.460, 0.4677 (lower red)

Good Luck !!
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