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 27, 2008

Cosco 270508

Cosco opened below the uptrend support (low blue) on monday, which meant it also broke the 3.36 support (green ...). Cosco and also tested the 3.26 support (blue ...), and long term downtrend support (pink). However, Cosco managed to recover a little to close above these 2 supports.

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Trading for Cosco today was still restricted to betweent the 3.36 and 3.26 trendlines. During closing, Cosco managed to close above the 3.36 resistance (green ...). However, since there wasn't much volume, we may still see Cosco trading like it did today.

For tomorrow :

Support @ 3.26 (low red, blue ...), 3.20 (low pink)
Resistance 3.36 (green ...), 3.39 (mid red), 3.43 (low blue), 3.48 (blue --).
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