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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.

Monday, March 10, 2008

Lian Beng 100308

Lian Beng is another one that broke 2 supports (low red, mid pink --) today. It tested the 0.400 level sooner than I had expected.

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The last time Lian Beng hit 0.400 was on 27 aug, a few days after the big august sell down. It then went on to test the 0.490 psychological resistance before going on a super run in oct.

If Lian Beng fails to hold onto this 0.400 support, we might see it testing the 0.355 low on 21 aug, or even the 0.300 low on 17 aug.

For tomorrow :

Support @ 0.400, 0.3663 (low pink), 0.355, 0.300
Resistance @ 0.4066 (mid pink --), 0.4224 (low red), 0.447 (upp pink --), 0.4776 (low pink)

Good Luck !!
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