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 20, 2008

Cosco 201108

It was long after our last discussion that Cosco broke the 0.815 support (red --) on 18 nov. Cosco also broke the long term downtrend support (mid pink - now turned resistance) the next day.

Tomorrow could be crucial for Cosco as we may see it testing the 0.605 low of 28 oct again if it breaks the 0.665 support, where the uptrend support (low blue) meets the downtrend resistance (mid pink).

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For tomorrow :

Support @ 0.665 (low blue, mid pink), 0.585 (low pink)
Resistance @ 0.715, 0.755 (blue ...), 0.775 (upp blue), 0.795 (green ...), 0.815 (red --)
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