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.

Friday, January 25, 2008

SPC 250108

The monday after our discussion on 18 jan, SPC broke the last 2 support and went into a free-fall. It even went slightly below (5.19) the low of 16 & 17 aug (5.20).

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SPC has now fallen 2.31 (7.50 - 5.19), more than the 1.55 difference which we calculated on 18 jan. So we might see SPC recovering a little and trading within the lower blue channel.

For monday :

Support @ 5.50
Resistance @ 5.895 (mid blue)

Good luck !!
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