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.

Tuesday, May 13, 2008

Cosco 130508

Cosco today broke the uptrend support-turned-resistance (upp blue) today. However, it seems to be consolidating and also found temporary support at the 3.35 - 3.37 region.

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Cosco also traded above the long term downtrend resistance (pink) today. If this support breaks, we might see Cosco testing the 3.26 support (blue ...) again.

For tomorrow :

Support @ 3.35 (pink), 3.26 (blue ...), 3.24 (low blue, low red)
Resistance @ 3.41 (mid red), 3.43 (upp blue), 3.48 (blue --), 3.51 (upp red)

Good Luck !!
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