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.

Wednesday, January 23, 2008

Cosco 230108

Cosco is still trading below the long term uptrend support (light blue), and looks to be trading within the 2 downtrend channels (pink, low/mid pink - -).

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If Cosco breaks the support (low pink), we could see it testing 3.50, as indicated by the pink - - trendline.

For tomorrow :

Support @ 3.773 (low pink), 3.725 (low pink - -)
Resistance @ 4.32 (upp pink), 4.392 (mid pink - -), 4.558 (light blue)

Good Luck !!
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