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

Lian Beng 070308

Ever since Lian Beng broke the long term uptrend support (blue), it has gone on to create new lows everyday. Lian Beng even broke the 0.490 psychological support on 1 mar.

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As discussed on 29 feb, Lian Beng is currently trading within the downtrend channel (pink --). We might see Lian Beng testing the 0.40 level if it continues to trade within this channel (pink --).

For monday :

Support @ 0.425 (low red), 0.4142 (low pink --)
Resistance @ 0.4508 (upp pink --), 0.480 (low pink), 0.483 (upp red), 0.490 (green --)

Good Luck !!
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