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

Uni Asia Finance 170308

There was indeed a reversal, but it was short-lived. Uni Asia Finance could not sustain the momentum and broke the uptrend support (low green) on 13 mar.

Photobucket (Please note that the volume is wrongly indicated)

However, Uni Asia Finance is still trading within the downtrend channel (pink --). And if it continues to do so, we might see Uni Asia Finance testing the 0.600 level soon.

For tomorrow :

Support @ 0.6228 (mid pink), 0.6018 (low pink), 0.578 (low pink --), 0.550 (red)
Resistance @ 0.6845 (low green), 0.6944 (upp pink --), 0.7252 (upp green), 0.760 (blue)

Good Luck !!
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