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.

Tuesday, February 12, 2008

Ferro China 120208

After breaking the long term uptrend support (blue) on 14 jan, Ferro China went tumbling down and almost hit 1.00 on 1 feb. Ferro China managed to recover about 30% since then.

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It remains to be seen if Ferro China can maintain its uptrend momentum (light blue). If it fails to break the long term downtrend resistance (upp red), we might see Ferro China trading within the lower downtrend channels (red -- and pink --).

For tomorrow :

Support @ 1.20 (low red), 1.18 (low light blue), 1.16 (upp pink --), 1.07 (low pink --)
Resistance @ 1.277 (low pink), 1.30 (upp red), 1.34 (upp light blue)

Good Luck !!
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