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.



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 !!