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

Uni Asia Finance 290208

We saw Uni Asia Finance climbing above the psychological resistance (blue) of 0.760 on 29 feb, after opening below the downtrend support (low pink --) and very close to the long term downtrend support (red).

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However, volume was very thin so I wouldn't put too much thought into today's higher closing. If you look at the chart, Uni Asia Finance could very well be on its way to forming a Head and Shoulders formation as discussed on 26 feb.

I've also added a short term uptrend channel (green) to see if this Uni Asia Finance can maintain its momentum.

For monday :

Support @ 0.760 (blue), 0.730 (low green), 0.7206 (low pink --), 0.687 (red)
Resistance @ 0.7784 (upp green, low pink), 0.820 (mid pink), 0.836 (upp pink --)

Good Luck !!
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