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Saturday, March 04, 2006

Unisteel Review - Friday, February 24, 2006


Please refer to posting on Unisteel on 19th February for this review.After making an inverted hammer with bullish confirmation at 2.33 on Friday 17th February the price has since broken out of the 2.40 resistance level. The former resistance at 2.40 is now the new support level. Short term traders would have taken profit at around 2.50 high. White long Marubozu mid candlestick support is at 2.43.

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