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.

Saturday, April 12, 2008

Cosco 110408

Cosco seems to have found temporary support @ 2.85 (green --). It is also trading within the downtrend channel (pink) now.

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If Cosco is able to bounce off the 2.85 low, it could be forming a double-bottom formation. If the 2.85 support breaks, we might see Cosco testing the 2.60 level, or even the 2.50 level.

For monday :

Support @ 2.85 (green --), 2.783 (upp pink), 2.635 (low pink)
Resistance @ 2.93 (low pink --), 3.07 (mid pink --), 3.13 (low red), 3.26 (upp pink --, blue ...)

Good Luck !!
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