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 18, 2008

CH Offshore 180208

If you had read my posting on 11 feb, you would have been watching for the signal to enter. The signal for CH Offshore came on 15 feb when it broke above the long term downtrend support (low red) with volume.

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I've just added a short term uptrend channel (green). CH Offshore is also trading quite near the long term downtrend resistance (upp red) so expect some profit taking.

For tomorrow :

Support @ 0.630 (low green), 0.605 (upp green --), 0.583 (low green --)
Resistance @ 0.640 (upp red), 0.656 (upp green)

Good Luck !!
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