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

Uni Asia Finance 200208

After our discussion on 15 feb, Uni Asia Finance did go on and break the 0.760 psychological resistance on 18 feb. However, it did not manage to break the long term downtrend resistance (red), and short term uptrend resistance (mid light blue).

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The real signal came on 19 feb when Uni Asia Finance broke the 2 resistances (red, mid light blue) with volume. I've a feeling the next psychological support/resistance would be around the 0.880 level (14 jan low).

For tomorrow :

Support @ 0.875 (low pink), 0.860 (mid light blue), 0.80 (low light blue), 0.772 (red)
Resistance @ 0.986 (upp pink), 1.00 (upp light blue)

Good Luck !!
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