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.

Sunday, January 13, 2008

Cosco 110108

Cosco is trading nearer and nearer to its long term uptrend support (light blue). If the support breaks, we could well see Cosco trading within the downtrend channel (orange).

Photobucket

Since our last discussion on 8 jan, Cosco broke uptrend support (lower blue) the next day. I've repositioned the uptrend support and resistance (blue).

For monday :

Support @ 5.456 (light blue), 5.345 (lower pink), 5.222 (upper orange)
Resistance @ 5.56 (lower blue), 5.60 (upper pink), 5.844 (upper blue)

Good Luck !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)