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.

Thursday, April 10, 2008

STX Pan Ocean 100408

You can see from the chart that the current trading pattern of STX Pan Ocean is very similar to the pattern during the feb 14 period.

Although STX Pan Ocean is still trading within the uptrend channel (blue), the peaks have been getting lower each day.

We might see STX Pan Ocean consolidating around the 2.82 support (blue --) level. If that support fails to hold, we might see STX Pan Ocean testing the 2.70 level.

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For tomorrow :

Support @ 2.885 (mid green), 2.82 (low pink, blue --), 2.75 (mid red, low green)
Resistance @ 2.94 (low blue), 3.03 (upp pink, upp green, 3.10 (upp red)

Good Luck !!
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