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.

Wednesday, January 2, 2008

STX Pan Ocean 020108

STX Pan Ocean broke out with volume on 28 dec. The original uptrend support was the blue dotted line. I've create several parallel trendlines (blue) and you can see STX Pan Ocean break 3 and nearly touching the 4th (light blue).

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On the next day (29 dec), STX Pan Ocean opened within the uptrend channel (light blue) and again traded within this channel.

Tomorrow will be critical. If STX Pan Ocean does not break the long term downtrend (red), we may see it weakening.

For tomorrow :

Support @ 3.40 (lower light blue), 3.30, 3.03
Resistance @ 3.74, 3.84 (light blue dotted)

Good Luck !!
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