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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.

Wednesday, February 18, 2009

SPC 180209

SPC forming a double-top?

If SPC doesn't break the 2.74 resistance (red --) or the downtrend resistance (upp red) soon, we could see it re-visiting the 2.57 support (green --).

But if SPC breaks the 2.80 uptrend resistance (upp blue) as well, we could see it testing the 3.00 mark.

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For tomorrow :

Support @ 2.67, 2.63 (pink --), 2.61 (low blue), 2.57 (mid red, green --), 2.50 (green ...)Resistance @ 2.72 (upp red), 2.74 (red --), 2.795 (upp blue), 3.01
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