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

SPC 060208

SPC broke below the short term uptrend support (low blue --) on 6 feb, which was a half trading day. Could be due to profit taking.

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We might see SPC trading sideways within the channels (pink, red) for the time being as there will always be people taking profit.

For monday :

Support @ 6.50 (upp red), 6.242 (low red), 6.168 (low pink)
Resistance @ 6.60 (upp pink), 6.76 (low blue --)

Good Luck !!
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