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.

Tuesday, February 12, 2008

Cosco 120208

As discussed on 1 feb, Cosco touched the 4.00 level (3.98 low) on 11 feb. Would Cosco be able to complete the Double-Bottom formation? Neckline looks to be around the 4.98 level.

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If Cosco fails to break above the resistances (pink), we might see it breaking below the 4.00 level and trade within the lower downtrend channel (pink --).

For tomorrow :

Support @ 3.93 (upp pink --), 3.697 (low pink --)
Resistance @ 4.197 (low pink), 4.438 (upp pink), 4.50 (low red ...), 4.635 (blue)

Good Luck !!
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