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

SPC 280308

SPC was trading sideways for the last few days, before breaking out today. SPC broke 2 downtrend resistance (upp red, upp red --) with volume. SPC also broke the 6.66 psychological resistance (red ...) and closed above it.

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It would be interesting to see if SPC can open above the 6.66 psychological resistance (red ...) and continue to trade within the uptrend channel (blue --).

For monday :

Support @ 6.66 (red ...), 6.626 (upp red --), 6.55 (upp red, low blue --), 6.33 (low red)
Resistance @ 6.905 (mid blue --), 7.15 (upp blue --), 7.347 (green --)

Good Luck !!
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