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.

Friday, March 28, 2008

Cosco 280308

Cosco broke the downtrend resistance (low pink --) today and is still trading within the uptrend channel (purple).

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If Cosco can maintain this uptrend momentum, we might see it testing the long term downtrend resistance (upp red) and long term uptrend resistance (light blue) sometime next week.

For monday :

Support @ 3.57 (low pink --), 3.467 (low purple), 3.327 (upp pink), 3.306 (upp red --)
Resistance @ 3.811 (upp purple, upp pink --), 3.936 (upp red), 4.009 (light blue)

Good Luck !!
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