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.

Saturday, July 19, 2008

Cosco 180708

After testing the 3.08 support (red ...) 3 times, Cosco finally broke it today, even coming close to testing the downtrend support (low red).

There is now a very high chance we might see Cosco opening below the 3.08 support (red ...) and if that happens the 3.08 level would become quite a formidable resistance. Also, we might then see Cosco go on to test the 2.98 support (red --) too. And trading would probably be between the 3.08 resistance and 2.98 support.

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For monday :

Support @ 3.02 (low blue), 3.00 (low red), 2.98 (low pink, red --), 2.92 (grey), 2.85 (green --)
Resistance @ 3.08 (mid red, red ...), 3.13 (upp pink), 3.15 (upp blue, blue --), 3.26 (blue ...)
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