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Wednesday, January 30, 2008

Lian Beng Bears Broke Down Support


Bears moved price down into 57 to 54 cents support zone. Price is now very close to the 200 days EMA support line and the 54 cents immediate support line. Retest of major long term uptrend support line will occur if the bears manage to break 54 cents support.



Big Bears selling during late morning and early afternoon trading.

Small bulls buying before closing.

If no Big Bull appears tomorrow 54 cents support will be broken.

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