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.

Wednesday, March 5, 2008

SPC 050308

SPC has been trading below the uptrend support (low blue --) since 1 mar when it formed a Doji. Since the trend prior to 1 mar was down, it could have signalled a reversal. However, the confirmation signal on 2 mar wasn't convincing.

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We may see SPC continue to trade within the downtrend channel (red --) and hitting the psychological support (light blue ...) of 6.66 before reversing.

For tomorrow :

Support @ 6.775 (upp red, low red --), 6.66 (light blue ...)
Resistance @ 7.022 (mid red --), 7.17 (low blue --), 7.35 (green --, upp red --)

Good Luck !!
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