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 3, 2008

STX Pan Ocean 010208

Although STX Pan Ocean broke below the short term uptrend support (low blue) that I added on 25 jan, so far it still managed to trade above the long term downtrend support (low red).

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We even saw STX Pan Ocean breaking above 2 resistances (upp red -- and upp blue) on 1 feb. If STX Pan Ocean can maintain its uptrend momentum, we might see it testing the long term uptrend support (green) very soon.

For monday:

support @ 2.345 (upp red --, low blue), 2.252 (low red)
Resistance @ 2.62 (upp blue), 2.674 (mid red), 2.70 (green)

Good luck !!
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