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, July 6, 2008

Cosco 040708

It is the 2nd time this week that Cosco tested the 3.08 support (red ...) while continuing to trade within the downtrend channel (pink).

There is a possibilty that Cosco might trade sideways next week, supported by the 3.08 level (red ...) and limited on the upside by the downtrend resistance (upp pink).

We could see some action by the end of next week when the uptrend support (low blue) meets the downtrend resistance (upp pink) at around the 3.08 support level.

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For monday :

Support @ 3.08 (red ...), 3.06 (low blue), 3.01 (low pink), 2.98 (low red, red --)
Resistance @ 3.17 (upp pink), 3.18 (upp blue), 3.20 (mid red), 3.26 (blue ...)

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