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, February 20, 2008

Ferro China 200208

Ferro China broke above the long term down trend channel (red) with volume on 18 feb, and traded within the higher downtrend channel (pink).

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On 19 feb, Ferro China gapped up and broke the uptrend resistance (mid light blue), again with volume. It is currently trading the the upper channel (light blue).

If Ferro China can continue to trade within this channel (light blue), it could well test the long term uptrend support (blue) very soon).

For tomorrow :

Support @ 1.507 (mid light blue), 1.477 (low pink --), 1.34 (low light blue)
Resistance @ 1.647 (upp pink --), 1.68 (upp light blue), 1.711 (blue)

Good Luck !!
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