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, March 11, 2008

Cosco 110308

Although Cosco broke 2 supports today (mid pink, low red --), it managed to recover and close just about on the support line, forming a Harami Cross (well, almost).

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Since the trend previously was down, we would need to see Cosco gapping up and closing higher tomorrow to confirm a reversal signal.

For tomorrow :

Support @ 3.26 (low red --), 3.155 (mid pink), 3.038 (low pink)
Resistance @ 3.383 (high pink), 3.604 (mid red --), 3.646 (upp pink --), 3.832 (upp red --)

Good Luck !!
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