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, June 3, 2008

Cosco 030608

Cosco couldn't maintain its uptrend momentum and broke the 3.36 support (green ...) today, and also closed below the uptrend support (low blue) and downtrend support (mid red).

If Cosco opens below the 3.36 resistance (green ...), and fails to break it, we could see Cosco softening further to consolidate around the 3.26 support (blue ...).

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For tomorrow :

Support @ 3.32, 3.26 (green ...), 3.23 (low red), 3.18
Resistance @ 3.36 (low blue, mid red, green ...), 3.43 (upp pink), 3.47 (mid blue), 3.48 (blue --)

Hope you find my analysis helpful !!
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