Cosco 290708

Cosco today broke the crucial 3.08 support (red ...) and tested the uptrend and downtrend supports (low blue, low red). Cosco also came within a whisker of testing the 3.03 support (pink --) and long term downtrend support (low pink).

If we take into account the last high volume day for Cosco was 23 jul, when it broke the 3.15 resistance (blue --), tomorrow would be T + 5. The situation could become bad if Cosco breaks the uptrend and downtrend supports (low blue, low red).

Worse, if Cosco breaks the 3.03 support (pink --) and long term downtrend support (low pink).



For tomorrow :

Support @ 3.048 (low blue), 3.044 (low red), 3.03 (pink --), 3.01 (low pink), 2.98 (red --)

Resistance @ 3.08 (red ...), 3.14 (upp pink), 3.15 (blue --), 3.165 (mid blue), 3.18 (mid red)