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.

Saturday, March 8, 2008

Ferro China 070308

Ferro China broke the short term uptrend support (low light blue) and fell into the low downtrend channel (pink).

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If Ferro China continues to trade within this channel, we should see it testing the 1 feb low of 1.01 very soon.

For monday :

Support @ 1.047 (low pink), 1.03 (green)
Resistance @ 1.147 (mid pink), 1.19 (low light blue),
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