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, December 11, 2008

Cosco 111208

After breaking the 1.10 resistance (lightblue --) yesterday, Cosco came very to testing the 1.18 resistance (green --) today. Volume done today was almost the same as yesterday, with about 10m done at 1.09 and 8.7m done at 1.10.

As you can see from the chart, the 2 downtrend resistances meet the uptrend resistance (upp blue) at around 1.13 - 1.15. We may see some action tomorrow as Cosco could attempt to break the 1.15 level again convincingly, and test the 1.18 resistance.

If that fais, we could see Cosco retreating to the uptrend support (low blue).

Photobucket
For tomorrow :

Support @ 1.10 (lightblue --), 1.02 (low blue), 1.00 (red ...), 0.970 (low red), 0.930 (pink --)
Resistance @ 1.12 (upp blue), 1.14 (upp pink), 1.15 (upp red), 1.18 (green --)
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)