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, February 3, 2008

Cosco 010208

Cosco broke below the long term uptrend support (light blue), as well as the long term downtrend channel (red ...).

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If Cosco breaks the short term uptrend support (blue), we may see it testing the 4.00 level. Could Cosco be doing a Double-Bottom formation?

For monday :

Support @ 4.351 (blue), 4.214 (upp pink --), 4.00 (low pink --)
Resistance @ 4.50 (low pink), 4.539 (low red ...), 4.624 (light blue), 4.743 (upp pink), 4.872 (upp red ...)

Good Luck !!
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