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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.

Sunday, December 9, 2007

Cosco 071207

After the initial run up of +0.65 to 7.10 on 30 nov, Cosco looks like trading sideways for the time being. Hopes of it breaking up fizzled out when it failed to even touch the long term downtrend resistance a of 7.229 on 1 dec.


After that, it was went sideways. The highest it came to breaking out was on 6 dec when it touched a and hit 7.10 again. (seems like 7.10 is the short-term resistance)


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Trendlines b and c shows that short-term wise, Cosco could be on the downtrend.

If Cosco can open 6.75 and above (with volume) on monday, there may be hopes of a break out.

Immediate resistance would be @ 7.02 and 7.16 for monday.

Good Luck !!
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