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, May 3, 2008

Cosco 020508

Cosco today opened right on the 3.26 resistance-turned-support level (blue ...) and the uptrend support (mid blue).

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Cosco also went on to break the downtrend resistance-turned-support (low red) and closed the day right on the uptrend resistance (upp blue).

If Cosco maintains trading within the uptrend channel (blue) next week, we might see it testing the downtrend resistance (mid red).

If Cosco breaks the uptrend support (mid blue), we would probably see it re-visiting the 3.26 support level (blue ....).

For monday :

Support @ 3.28 (mid blue), 3.27 (low red) 3.26 (blue ...), 3.20 (mid pink), 3.09 (low blue)
Resistance @ 3.38 (upp blue), 3.40, 3.43 (mid red), 3.48 (blue --), 3.52 (upp pink)

Good Luck !!
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