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 10, 2008

Sky Petrol 060208

Sky Petrol formed a Grave Stone Doji on 4 feb. As the trend prior to the doji was more a downtrend, there was inital hope that this Doji on 4 feb could be a reversal signal.

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However, on 5 feb, Sky Petrol closed right on the psychological support of 0.315.

On 6 feb, it gap down and formed a Doji on 6 feb. To confirm a downtrend reversal (bullish morning doji star), we would need to see Sky Petrol opening at least 0.305 or higher, and closing much higher.

For monday :

Support @ 0.300 (mid pink --), 0.2888 (low pink --)
Resistance @ 0.315 (light blue --), 0.325 (blue --, upp pink --)

Good Luck !!
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