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, October 11, 2008

Cosco 101008

Cosco's double-bottom failed to materialise. Instead, it broke the downtrend support (low pink) on 9 oct, and also gapped down today, testing the long term downtrend support (pink ...).

Cosco is almost back to where it started to rise back in the beginning of 2006.

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For monday :

Support @ 1.00 (pink ...), 0.960 (low red)
Resistance @ 1.132 (mid red), 1.34 (ow pink), 1.50 (green --)

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