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, November 13, 2008

Cosco 131108

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.

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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 --)
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