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 9, 2008

STX Pan Ocean 070308

STX Pan Ocean broke above the uptrend resistance (mid green) and downtrend support (red) on 6 mar. The next day, 7 mar, STX Pan Ocean traded below the downtrend support (red) but managed to close above the uptrend resistance. (mid green).

If STX Pan Ocean can maintain trading above the uptrend resistance (mid green), then the double-top formation would be negated.

Photobucket

For monday :

Support @ 3.134 (mid green), 3.115 (mid blue), 3.00 (low blue)
Resistance @ 3.215 (red), 3.346 (upp green)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)