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.

Thursday, July 3, 2008

Cosco 030708

Cosco continued trading within the downtrend channel (pink), breaking the downtrend support (mid red), and testing the 3.08 support (red ...).

If Cosco breaks the 3.08 support (red ...), we could see it heading for the 2.98 support (red --), which is also where the 2 downtrend supports (low pink, low red) meet.

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For tomorrow :

Support @ 3.08 (low blue, red ...), 3.03 (low pink), 2.99 (low red), 2.98 (red --)
Resistance @ 3.112 (mid red), 3.197 (upp pink), 3.214 (upp blue), 3.26 (blue ...)

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