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 17, 2008

STX Pan Ocean 150208

After gapping down on 6 feb, STX Pan Ocean did not spend too much time in the downtrend channel (red). It opened above 3 trendlines (green, upp red, upp pink) on 13 feb but closed down below the same 3 trendlines.

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14 feb saw STX Pan Ocean breaking above the long term uptrend support (green) with volume and closing above it. STX Pan Ocean's rises and falls have always been quite breath-taking. Will we witness another round of dramatic fall?

I've added a short term uptrend support channel to see if STX Pan Ocean can maintain this uptrend momemtum.

For monday :

Support @ 2.87 (mid blue), 2.75 (low blue, green), 2.587 (upp red)
Resistance @ 3.10 (upp blue), 3.23 (blue --)

Good Luck !!
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