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.

Monday, February 11, 2008

CH Offshore 110208

Nothing much has changed for CH Offshore since our last discussion on 31 jan. From the chart, we can see that CH Offshore is trading nearer and nearer to the downtrend resistance (upp pink).

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If CH Offshore fails to break that, we may see it trading in the lower downtrend channels (red --)

For tomorrow :

Support @ 0.524 (upp red --), 0.502 (mid red --, low pink)
Resistance @ 0.560 (upp pink), 0.576 (red)

Good Luck !!
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