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 25, 2008

Cosco 250308

Cosco today broke the downtrend resistance (upp red --) and also managed to close above it. Cosco's lows are also higher for the last 3 days, as indicated in the uptrend channel (purple) which I've added.

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There should be some profit taking along the way but if Cosco can maintain this uptrend momentum, we might see it testing the long term uptrend resistance (light blue) at around the 4.00 level.

For tomorrow :

Support @ 3.40 (upp red --), 3.355 (low purple), 3.137 (mid red --), 3.018 (low red)
Resistance @ 3.645 (upp purple, low pink --), 3.897 (upp pink --), 4.00 (light blue)

Good Luck !!
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