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 15, 2008

Ferro China 140308

Ferro China almost tested the 1 feb low of 1.01 on 10 mar when it hit a low of 1.03 and touching the long term uptrend support (green).

Photobucket (Please note that the volume is indicated wrongly)

If Ferro China can maintain is uptrend momentum (light blue), we might see it testing the 1.30 level again.

For monday :

Support @ 1.10 (low light blue, mid pink), 1.22 (mid light blue, upp pink), 1.266 (low pink --)
Resistance @ 1.03 (green), 1.00 (low pink)

Good Luck !!
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