"SNGP" Sui Northern Gas Pipe Lines Mid-Term Analysis 18 Feb 2013

sngpd

"SNGP" Sui Northern Gas Pipe Line have got out of its upward channel. Our Prefrence: Buy SNGP above as long as 22.75 is support with target at 24.50 and 24.93. Alternative Scenario: Breakage of 22.75 will call for a further downward move towards 21.69 and 21.43. NOTE: as it have came out of its daily channel so its moving averages can push it further downward to 22.75 if it closed near 23.40 today. but will get a strong support at 21.69, that level can become a best buy level. but as possibilites for that level are rare so buying can be initiated at 22.75 with stop loss of 21.69 and 21.43 as it can get reversal towards 24.63 in coming days, if it will once again get its upward channel then this time that channel can drive up towards 26.60.

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John Doe

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Diana Doe

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Melissa Doe

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Peter Doe

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