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, January 14, 2008

Cosco 140108

Cosco today broke through the long term uptrend support (light blue), and it also broke through the downtrend resistance (lower pink) and another downtrend resistance (upper orange).

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I've added another support line which joined the lows of 27 sep and 18 sep (pink dashed). We may see Cosco trading above the support for the next few days. If this support breaks, Cosco would probably trade downwards within the orange channels.

For tomorrow :

Support @ 5.00 (pink dashed), 4.814 (middle orange),
Resistance @ 5.1065 (upper orange), 5.257 (lower pink), 5.50 (upper pink, light blue)

Good Luck !!
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