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

STX Pan Ocean 250108

Although STX Pan Ocean managed to recover from its low on 22 jan, it is still trading within the downtrend channel (red - -).

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I've added a short term uptrend channel (blue) but it remains to be seen on monday if STX Pan Ocean can break above the long term uptrend support (green). Short term resistance could be at 2.70, where the 3 trendlines (red, green, blue) converge.

For monday :

Support @ 2.40 (blue), 2.318 (low red)
Resistance @ (2.524 (upp red - -), 2.687 (green, blue), 2.731 (mid red)

Good Luck !!
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