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 16, 2008

Lian Beng 140308

After breaking the long term downtrend support (low red) on 10 mar, Lian Beng tested tried to break above it on 12 mar but was unsuccessful.

Photobucket (Please note that the volume is wrongly indicated)

The next day, Lian Beng broke the down trend support (mid pink --) again and is now trading within this channel (pink --).

If Lian Beng continues to trade within this channel (pink --), we might see it testing the 0.355 low on 21 aug, or even the 0.300 low on 17 aug.

For monday :

Support @ 0.355 (21 aug low), 0.3466 (low pink --)
Resistance @ 0.386 (mid pink --), 0.415 (low red), 0.423 (upp pink --), 0.450 (low pink)

Good Luck !!
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