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 27, 2008

STX Pan Ocean 250708

STX Pan Ocean managed to recover to trade above the 2.75 support (blue ...), but it is still capped byt the downtrend resistance (upp pink) and the 2.87 resistance pink --).

STX Pan Ocean also traded below the uptrend support (low green) before recovering to close just above the support today.

If STX Pan Ocean fails to break the 2.87 resistance, we could see it trading sideways, supported by the 2.75 support (blue ...).

However, if STX Pan Ocean breaks the 2.75 support, smiliar to what happened on 30 jun, we could see history repeating itself.

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For monday :

Support @ 2.83 (upp pink), 2.75 (blue ...), 2.66 (low red), 2.64 (low pink), 2.62 (mid blue, red ...), 2.52 (red --)

Resistance @ 2.87 (low green, pink --), 2.90 (upp blue), 2.95 (green ...), 3.017 (mid red), 3.065 (upp green)
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