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, July 15, 2008

Cosco 150708

Cosco tested the 3.08 support (red ...) again today, and was also in danger of breaking it and the uptrend support (low blue). Last minute buying up saw it close above the 3.08 support and uptrend support, but only just.

I have a feeling the 3.08 support may not hold out much longer and if the support breaks, we could see Cosco testing the downtrend support (low red), or even the 2.98 support (red --).

Photobucket

For tomorrow :

Support @ 3.10 (low blue), 3.08 (red ...), 3.05, 3.03, 3.01 (low red), 2.98 (red --)
Resistance @ 3.13 (upp pink), 3.15 (mid red), 3.22 (upp blue), 3.26 (blue ...)

Hope you find my analysis helpful. Thank you for your support !!
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)