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.

Thursday, March 27, 2008

SPC 260308

As SPC was forced into a corner by the uptrend support (blue) and downtrend resistance (upp red), there was no room and SPC chose to break the support (blue).

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SPC is trading within the broader uptrend channel (blue --) though. If SPC breaks this support (low blue --), we might see it testing the 6.40 level.

For tomorrow :

Support @ 6.493 (low blue --), 6.40 (mid red), 6.322 (low red --)
Resistance @ 6.588 (upp red), 6.616 (blue), 6.66 (light blue ....), 6.70 (upp red --)

Good Luck !!
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