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.

Monday, March 17, 2008

STX Pan Ocean 170308

As usual, STX Pan Ocean's dramatic rise during early feb, was met with an equally dramatic fall over the last few days.

I've done some housekeeping and redrawn the trendlines. STX Pan Ocean does not have many support left. If it breaks the long term uptrend support (low blue), we might see STX Pan Ocean testing the 2.09 low of 22 jan.

Photobucket (Please note that the volume is wrongly indicated)

For tomorrow :

Support @ 2.356 (low green), 2.334 (low red), 2.25 (low blue)
Resistance @ 2.571 (upp green), 2.615 (upp blue), 2.677 (mid red)

Good Luck !!
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