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 17, 2008

Cosco 170608

Yesterday, Cosco broke the long term downtrend resistance (upp pink) and short term downtrend resistance (mid red). However, we still see Cosco being kept in check by the 3.36 resistance neckline (green ...) and the uptrend resistance (mid blue).

If Cosco can trade above the uptrend support (low blue), there's a good chance we might see Cosco testing the 3.36 neckline again and maybe even break it soon.

However, if Cosco breaks the uptrend support (low blue) and downtrend support (mid red), we could see it testing the 3.26 support, or even the long term downtrend support (upp pink) again.

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For tomorrow :

Support @ 3.29 (mid red), 3.27 (low blue), 3.26 (blue ...), 3.25 (upp pink), 3.17 (green)
Resistance @ 3.36 (green ...), 3.375 (mid blue), 3.44 (upp blue), 3.48 (blue --)

Hope you find my analysis helpful. Thank you for your support !!
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