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 27, 2008

Cosco 250108

Cosco managed to recover above the long term uptrend support (light blue) on 24 jan. However, it failed to break the downtrend resistance (upp pink).

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If Cosco fails to break the 2 resistances (upp pink, upp pink - -), we might see it trading within the downtrend channel (red . .)

For monday :

Support @ 4.59 (light blue, low red . .), 4.29 (mid pink - -), 4.24 (mid pink)
Resistance @ 4.96 (upp pink), 5.03 (upp pink - -)

Good Luck !!
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