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.

Tuesday, March 25, 2008

Ferro China 240308

If you look at the chart from 14 jan till today, Ferro China looks to be forming a double-bottom formation. Neckline looks to be around the 1.60 level.

Photobucket

In the short term, Ferro China broke the uptrend resistance (upp light blue) and downtrend resistance (low pink --).

The short term target for Ferro China would be to test the 1.30 level.

For tomorrow :

Support @ 1.25 (upp light blue), 1.225 (low pink --), 1.183 (upp pink), 1.1316 (mid light blue)
Resistance @ 1.27 (mid pink --), 1.324 (light blue --)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)