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.

Sunday, September 14, 2008

Cosco 120908

Since breaking the 2.85 support (green --) on 5 aug, Cosco's fate has taken another turn for the worse. Cosco has now broken the 1st long term downtrend support (mid pink) and also the 1.87 support (green ...).

Cosco's position now is quite precarious, teetering on the downtrend support (low red). If Cosco breaks this support and the long term downtrend support (low pink), we could see it eventually heading for the 1.40 level.

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For monday :

Support @ 1.62 (lightblue --), 1.60 (low red), 1.52 (low pink)
Resistance @ 1.71 (mid pink, red --), 1.785 (mid red), 1.87 (green ...), 1.93 (pink --)
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