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.

Sunday, June 29, 2008

Cosco 270608

Cosco opened below the 3.26 support (blue ...) again today. Cosco also broke the uptrend support (low blue) and tested the downtrend support (mid red).

Unless Cosco breaks the 3.26 resistance (blue ...), we would most likely see Cosco continue trading within the downtrend channel (pink), maybe even towards the 3.08 support (red ...).

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For monday :

Support @ 3.18 (mid red), 3.12 (low pink), 3.08 (red ...), 3.05 (low red)
Resistance @ 3.24 (low blue), 3.26 (blue ...), 3.284 (upp pink), 3.346 (upp blue), 3.36 (green ...)

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