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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.

Tuesday, November 25, 2008

Cosco 251108

Could Cosco be forming a double-bottom? Although Cosco has not broken the 0.755 resistance (blue ...) yet, it managed to keep off the uptrend support (low blue) and 0.670 support (pink --) these 2 days.

We could see some action for Cosco towards the end of the week when the long term downtrend resistance (mid pink) meets the uptrend support (low blue) and 0.670 support (pink --).

If Cosco breaks these 2 supports, we could see Cosco re-vsiting 3-year lows.

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For tomorrow :

Support @ 0.670 (low blue, pink --), 0.600 (low pink)
Resistance @ 0.730 (min pink), 0.755 (blue ...), 0.785 (upp blue), 0.795 (green ...), 0.815 (red --)
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