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.

Wednesday, February 20, 2008

STX Pan Ocean 200208

Although STX Pan Ocean is just about still trading within the uptrend channel (blue), it formed a Doji on 18 feb. With the trend prior to that was an uptrend, we could see STX Pan Ocean soften due to some profit taking.

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I've added a short term downtrend channel (pink). It is also important to see if the long term uptrend support (green) holds for STX Pan Ocean. If it fails to hold, we could see STX Pan Ocean trading within the lower downtrend channel (red).

For tomorrow :

Support @ 2.90 (low blue), 2.766 (green), 2.718 (low pink)
Resistance @ 3.016 (mid blue), 3.08 (upp pink), 3.247 (upp blue)

Good Luck !!
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