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.

Sunday, February 17, 2008

Lian Beng 150208

As discussed on 12 feb, we did indeed see some action on 13 and 14 feb. However, the breakout didn't last long and Lian Beng lost steam and probably succumbed to profit taking on 15 feb. However, Lian Beng still managed to just about closed on the downtrend support (low pink).

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Next week will be interesting as we see if Lian Beng can maintain trading within the short term uptrend channel (green), If not, we might see it going into the downtrend channel (pink --) again.

For monday :

Support @ 0.550 (low pink, low green), 0.535 (upp pink --), 0.510 (blue)
Resistance @ 0.576 (mid green), 0.602 (upp green)

Good Luck !!
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