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.

Sunday, March 2, 2008

Ferro China 290208

Ferro China broke below 2 supports (low light blue, low pink --) on 28 feb. From the chart, Ferro China could be forming a Head & Shoulders formation.

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The period from 11 - 15 feb being the left shoulder, and 19 - 27 feb being the head. We might see the coming week forming the right shoulder. The neckline looks to be around the 1.20 level.

For monday :

Support @ 1.32 (upp pink), 1.20 (low pink)
Resistance @ 1.408 (ow pink --), 1.526 (low light blue), 1.58 (upp pink --)

Good Luck !!
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