Cosco 070308

Although Cosco managed to recover from the low of 3.37 on 5 mar, it is still trading within the 2 downtrend channels (pink, red --).



Would require Cosco to break above the downtrend channels before we can have any chance of a reversal.

For monday :

Support @ 3.50 (upp pink), 3.29 (mid pink, low red --), 3.15 (low pink)
Resistance @ 3.62 (mid red --), 3.743 (upp pink --), 3.87 (upp red --)

Good Luck !!