Cosco today broke the uptrend support (low blue). The 0.870 support (lightblue --) for Cosco didn't hold for long. Cosco also tested the long term downtrend support (mid pink) but managed to recover intraday and closed above it.
We could see Cosco continue to trade within the downtrend channel (red) in the short term, with the 0.815 support (red --) being the next support base.
For tomorrow :
Support @ 0.815 (mid pink, red --), 0.795 (green ...), 0.770 (low red), 0.755 (blue ...)
Resistance @ 0.850 (upp red), 0.870 (lightblue --), 0.910 (low blue), 0.930 (green --)
Thursday, November 13, 2008
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