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

STX Pan Ocean 060208

After breaking above the long term support (green) and hitting a high of 2.82 on 4 feb, STX Pan Ocean lost steam and closed below the support (green) on the next day (5 feb).

Photobucket

6 feb, which was a half-trading day, saw STX Pan Ocean gap down. Although STX managed to break above out on 4 feb, there wasn't enough volume to suggest it was a true breakout.

We should still see STX Pan Ocean trading within the downtrend channel (low/mid red) for the time being.

For monday :

Support @ 2.217 (low red), 2.17 (low pink)
Resistance @ 2.632 (mid red), 2.72 (upp pink, green)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)