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.

Wednesday, April 2, 2008

Cosco 020408

Cosco today broke 2 long term downtrend resistances (upp red, mid pink --). From the chart, you can see that Cosco is trading nearer and nearer to the long term uptrend resistance (light blue).

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If Cosco continues to trade within the uptrend channel (purple), there's a very high chance that Cosco might break the long term uptrend resistance (light blue).

And if that happens, we might see Cosco really reversing its downtrend. Keep a close watch.

For tomorrow :

Support @ 3.77 (low purple, upp red), 3.728 (mid pink --), 3.487 (low pink --), 3.437 (low red)
Resistance @ 4.012 (light blue), 4.12 (upp purple), 4.26 (upp pink --)

Good Luck !!
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