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.

Saturday, March 1, 2008

STX Pan Ocean 290208

As discussed on 28 feb, STX Pan Ocean is still on course for a double-top formation, with a neckline around the 2.95 - 2.97 level.

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STX Pan Ocean barely managed to stay within the uptrend channel (blue). However, its volume for the past few days has been very low on the average.

If STX Pan Ocean breaks the neckline, we might see it testing 2.80 level, which is around the long term uptrend support (low green).

For monday :

Support @ 3.053 (low blue), 2.947 (upp pink), 2.883 (mid pink), 2.80 (low green)
Resistance @ 3.111 (upp green), 3.14 (18 feb high)

Good Luck !!
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