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, July 6, 2008

SPC 040708

After completing the double-bottom formation in jun, SPC broke the 1st neckline of 6.65 (blue ...) on 1 jul, and then the 2nd neckline of 6.79 (pink --) on 2 jul.

SPC now seems to have hit resistance at the 3rd neckline of 6.95 (light blue --). We could see some profit taking for SPC next week, with SPC trading between the 6.95 neckline (light blue --) and 6.79 support (pink --).

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For monday :

Support @ 6.81 (low blue), 6.79 (pink --), 6.66 (low pink), 6.65 (blue ...), 6.60 (low red)
Resistance @ 6.95 (upp pink, light blue --), 7.13 (blue --), 7.21 (mid red)

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