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.

Tuesday, June 17, 2008

Ferro China 170608

After closing right on the long term downtrend support on 13 jun, Ferro China seems to have found some temporary support at the 1.26 neckline (green ...).

However, FerroChina is also trading closer and closer to the uptrend support (low blue), and we might see some action by the end of this week, when the uptrend support (low blue) meets the 1.26 neckline (green ...).

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For tomorrow :

Support @ 1.26 (green ...), 1.25 (low blue), 1.22 (low pink, blue --), 1.18 (light blue --)
Resistance @ 1.30 (blue ...), 1.31 (mid red), 1.34 (pink ...), 1.347 (mid pink), 1.43 (upp blue)

Hope you find my analysis helpful. Thank you for your support !!
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