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, April 19, 2008

Ferro China 180408

Although Ferro China broke the uptrend support (low light blue) today, it still managed to close above it. FerroChina also tested the 1.30 support (mid red, blue --).

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If the 1.30 support (blue --) stays intact, we might see Ferro China testing the 1.36 resistance level (red ...) next week. If the 1.36 resistance breaks, the next resistance could be around the 1.40 - 1.42 region.

For monday :

Support @ 1.30 (blue --), 1.2955 (mid red), 1.273 (low red), 1.21 (green --)
Resistance @ 1.333 (low light blue, upp pink), 1.36 (red ....), 1.386 (upp red, upp light blue), 1.40-1.42

Good Luck !!
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