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.

Thursday, February 28, 2008

STX Pan Ocean 280208

Although STX Pan Ocean traded above the downtrend resistance today, there was no volume. However, it is still trading within the uptrend channel (blue).

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From the chart, STX Pan Ocean could have formed a double-top, with the peaks on 18 feb and 27 feb.

For tomorrow :

Support @ 2.966 (upp pink), 2.905 (mid pink)
Resistance @ 3.00 (low blue), 3.16 (mid blue)

Good Luck !!
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