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 20, 2008

SPC 180108

The day after our discussion on 16 jan, SPC almost hit the 6.00 level (day low 6.05). I got the 6.00 mark by subtracting the support of 7.50 from the peak of 9.05, which gave us 1.55. Then subtract this value from 7.50 and it gives us 5.95, which isn't far off from the low it went to (6.05) on 17 jan.

Photobucket

I've added a parallel support (low blue) which starts all the way back from 30 may (low of 5.05). We should see SPC trading within the blue channels for the time being.

For monday :

Support @ 6.256 (upp pink), 6.025 (low blue, low pink)
Resistance @ 6.507 (mid blue), 6.88 (low red, upp blue)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)