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, March 3, 2008

Cosco 030308

Cosco today gapped down and even broke the downtrend support (upp pink). It also traded lower than the 3.85 low on 22 jan.

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I've added a short term downtrend channel (red --). If Cosco breaks this, we might see it testing the 3.00 level.

For tomorrow :

Support @ 3.70 (low red --), 3.50 (mid pink), 3.37 (low pink)
Resistance @ 3.72 (upp pink), 3.92 (upp red --), 3.97 (pink --)

Good Luck !!
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