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.

Monday, April 28, 2008

Cosco 280408

Another counter that succumbed to profit taking. Cosco opened right on the uptrend support (low green) today, gained only a little, before going down, breaking several supports along the way.

Photobucket

Cosco even tested the 3.26 support (blue ...) before recovering a little, but still closing below many supports.

We could see Cosco trading sideways for the time being, with 3.26 providing support.

For tomorrow :

Support @ 3.26 (blue ...), 3.20 (low blue), 3.068 (low pink)
Resistance @ 3.30 (mid pink), 3.312 (low pink --), 3.407 (mid blue), 3.48 (blue --)
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)