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

Lian Beng 290208

After hitting a high of 0.605 on 19 feb, Lian Beng has weakened considerably and has also broke the long term uptrend support (blue) on 28 feb.

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Lian Beng is now trading very close to the 0.490 psychological support (green --). If this support breaks, we might see Lian Beng trading within the downtrend channel (pink --).

For monday :

Support @ 0.490 (green --), 0.479 (upp pink --), 0.4428 (low pink --)
Resistance @ 0.513 (low pink), 0.526 (blue), 0.553 (upp pink)

Good Luck !!
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