Disclaimer

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.

Monday, December 17, 2007

Cosco 171207

If we look at chart, Cosco has actually broke down from the long term uptrend support (green) last friday.

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If you compared today's chart with 14 dec's, you will notice that I've shifted the lowest red line down (now red dashed). I've also added another support (green dashed).

If Cosco continues to trade within the downtrend channels, we could see Cosco testing the support @ 5.35 (red dashed) and if that breaks, 5.20 (green dashed).

Tomorrow's resistance @ 5.70

Good Luck !!
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