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 24, 2008

SPC 220208

After bottoming off the week before last (11-15 feb), SPC shot up like a rocket. It broke above the downtrend support (low red) and uptrend support (low blue --) on 20 feb.

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We even saw SPC breaking the downtrend resistance (upp red) and uptrend resistance (mid blue --) with volume on 21 feb. If SPC continues trading within the uptrend channel (blue --), we may see it testing the 1st psychological resistance (green --) of 7.35 very soon.

And don't forget that SPC's falls are equally dramatic.

For monday :

Support @ 6.863 (low blue --), 6.60 (mid red), 6.334 (low red)
Resistance @ 7.228 (mid blue --), 7.35 (green --), 7.50 (light blue)

Good Luck !!
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