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

STX Pan Ocean 050308

Although STX Pan Ocean touched the uptrend support (low green) today, it is still trading sideways. Psychological support (blue --) looks to be around the 2.80 - 2.82 region.

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STX Pan Ocean is still not out of the woods (Double-Top) yet. We may see some action by this week as downtrend support (low pink) meets the uptrend support (low green) at the psychological support level (2.80 -2.82).

For tomorrow :

Support @ 2.937 (low blue), 2.876 (low pink), 2.82 (blue --), 2.806 (low green)
Resistance @ 3.00 (upp pink), 3.054 (upp blue), 3.123 (upp green)

Good Luck !!
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