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.

Friday, July 25, 2008

Cosco 250708

Cosco recovered after testing the 3.08 support (red ...) twice, to trade above the 3.15 resistance (blue --). However, Cosco is still trading within the downtrend channels (pink, red).

Given the current market sentiments, we could see Cosco continue to trade sideways within the 3.08 support (red ...) and 3.15 resistance (blue --).

Volume remains relative low.

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For monday :

Support @ 3.08 (red ...), 3.05 (low pink, low red), 3.04 (low blue), 2.98 (red --)
Resistance @ 3.17 (mid blue), 3.18 (upp pink), 3.19 (mid red), 3.25 (upp blue), 3.26 (blue ...)
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