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Thursday, August 31, 2006

SPC

As requested by Elizlow. Listed since 25 October 1990 on SGX Mainboard, SPC business activities can be classified into Downstream (petroleum refining, trading activities, storage and terminalling of finished products) and Upstream (exploration, development, production, sale of oil and gas and investment in pipelines).

Technically, SPC is very weak and closed on intraday low of 4.84, a 3-month low. Next support at 4.80/4.60 , if price rebound at 4.80 in accordance to the plotted uptrend channel, next significant resistance are at 4.96 and 5.20.

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