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 16, 2008

STX Pan Ocean 140308

Just when we thought STX Pan Ocean's double-top formation was going to be negated, the next day saw it breaking the 2.82 psychological support (blue --), although it managed to close above it.

Then on 13 mar, STX Pan Ocean closed below the psychological and uptrend support (blue). It is now trading within the downtrend channel (pink).

Photobucket (Please note that the volume is wrongly indicated)

For monday :

Support @ 2.517 (low pink), 2.44 (low green), 2.42 (low red)
Resistance @ 2.82 (blue --), 2.86 (low blue), 2.88 (upp pink), 3.00 (upp blue)

Good Luck !!
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