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.

Monday, January 19, 2009

Cosco 190109

Cosco seems to have found temporary support at the 0.790 level (blue ...), trading between this support and the 0.845 resistance (lightblue ...). Cosco also tested the 0.845 resistance thrice without any success in breaking it.

We could continue to see Cosco trading sideways between the 0.790 support and 0.845 resistance for the time being.

If the 0.790 support breaks, we could see Cosco testing the 0.765 support (lightblue --), which is also where the downtrend resistance (mid red) meets the uptrend support (low blue). If the 0.765 support breaks, next support looks to be at 0.730 (green ...).

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For tomorrow :

Support @ 0.825 (mid blue), 0.815 (red --), 0.790 (blue ...), 0.785 (mid red), 0.765 (low blue, lightblue --)
Resistance @ 0.845 (lightblue ...), 0.875 (upp blue, blue --), 0.900
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