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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, June 26, 2008

Ferro China 260608

After barely keeping its head above the 1.30 support (blue ...) Ferro China finally broke the support, tested the 1.26 support (green ...) and closed right on the uptrend support (low blue).

If FerroChina breaks the 1.26 support (green ...) tomorrow, we could see it testing the long term downtrend support (low pink).

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For tomorrow :

Support @ 1.26 (green ...), 1.23 (low pink), 1.22 (blue --), 1.18 (light blue --), 1.11 (red --)
Resistance @ 1.30 (blue ...), 1.33 (upp pink), 1.34 (pink ...), 1.346 (mid blue), 1.38 (upp blue)

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