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.

Thursday, August 14, 2008

Cosco 140808

After failing to break the 2.45 resistance (blue ...) on 11 aug, Cosco is now trading below downtrend resistance (upp red), and still within the long term downtrend channel (pink).

If Cosco continues to weaken, we could see Cosco testing the long term downtrend support (low pink).

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For tomorrow :

Support @ 2.27, 2.19 (low red), 2.18 (low pink)
Resistance @ 2.35 (upp red), 2.45 (blue ...), 2.46 (mid pink), 2.57 (grey), 2.74 (green ...)
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