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, June 14, 2008

Cosco 130608

Although Cosco did not test the uptrend support (low blue) since 10 jun, it is still not out of the woods as Cosco has yet to break the 3.26 resistance (blue ...).

We could see some action next week when the long term downtrend resistance (upp pink) meets 3.26 resistance (blue ...), and later in the week when the long term downtrend resistance meets the uptrend support (low blue).

Or we could see another round of short term uptrend, followed by a sudden sell-off, just like what happened from the beginning of may to the beginning of jun.

Photobucket

For monday :

Support @ 3.153 (low blue), 3.08 (red ...), 3.02 (low red), 3.00 (low pink)
Resistance @ 3.296 (upp pink), 3.304 (mid red), 3.313 (mid blue), 3.36 (green ...), 3.43 (upp blue)

Hope you find my analysis helpful. Thank you !!

No comments: