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.

Sunday, June 15, 2008

STX Pan Ocean 130608

Another typical dramatic week for STX Pan Ocean. From its peak of 4.00 on 20 may to the low of 2.70 today, STX Pan Ocean managed to shed 1.30 in less than a month, breaking a few important support levels along the way.

Will STX Pan Ocean hit the same lows as it did in mar? It's possible, if STX Pan Ocean breaks the 2.63 support (red ...). But I would not be surprised if STX Pan Ocean decides to fool everyone again and goes an upward spiral.

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For monday :

Support @ 2.694 (low red), 2.63 (red ...), 2.60 (low red --), 2.50, 2.45, 2.32
Resistance @ 2.84 (mid red --), 2.90 (pink --), 2.94 (mid red), 2.97 (low blue), 3.05 (green --), 3.18 (blue --)

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