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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, March 6, 2008

Ferro China 060308

Ferro China broke the short term uptrend resistance (upp light blue) on 5 mar and is now testing the neckline of the Head & Shoulders formation.

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If the neckline breaks, we might see Ferro China testing the 1 feb low of 1.02 again.

For tomorrow :

Support @ 1.183 (low light blue), 1.161 (mid pink), 1.09 (low pink)
Resistance @ 1.28 (upp pink), 1.297 (upp light blue), 1.325 (low pink --), 1.372 (mid pink --)

Good Luck !!
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