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

Lian Beng 180408

Ever since Lian Beng broke the long term uptrend support (blue on 28 feb), it has lost more than 50% since its 0.820 peak on 3 jan.

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Lian Beng seems to have found temporary support around the 0.360 level. First resistance would be at 0.400 but Lian Beng would first have to break out of the purple channel to have any chance of testing that resistance.

For monday :

Support @ 0.356 (low purple), 0.3277 (low pink)
Resistance @ 0.363 (upp pink), 0.380 (upp purple), 0.400 (red --)

Good Luck !!
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