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 30, 2008

Lian Beng 280308

Lian Beng broke the 0.400 resistance level on 26 mar, and is now trading above 3 trendlines - the long term downtrend resistance (low red), and 2 downtrend resistances (low pink, upp pink --)

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If Lian Beng can continue to trade within the uptrend channel (purple), and also break the long term downtrend resistance (upp red), we might see Lian Beng testing the 0.490 psychological resistance (green --).

For monday :

Support @ 0.405 (low purple), 0.400 (low red), 0.393 (low pink), 0.375 (upp pink --)
Resistance @ 0.4307 (upp pink), 0.460 (upp red), 0.4767 (upp purple), 0.490 (green --)

Good Luck !!
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