Cosco 040408

After running up for almost 2 weeks, it is inevitable that Cosco takes a breather. It peaked at 3.92 on 2 apr, which is very close to the previous high of 3.90 on 3 mar (before it went downtrend).



From the chart, we can see the 2 immediate support levels for Cosco - 3.48 (blue --) and 3.26 (blue ...). If Cosco can rebound off any of these 2 supports, we might be looking at a double-bottom formation for Cosco.

The testing of the long term uptrend resistance (light blue) might have to wait for a longer while.

For monday :

Support @ 3.50 (low pink), 3.48 (blue --), 3.42 (low pink --), 3.348 (low red), 3.26 (blue ...)
Resistance @ 3.60 (upp pink), 3.67 (mid pink --), 3.697 (upp red), 3.82 (red --)

Good Luck !!