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.

Saturday, March 14, 2009

Cosco 130309

Cosco initially opened below the long term downtrend resistance (upp pink), but that soon changed as Cosco surged past several necklines to test the 0.775 neckline (lightblue --) with the highest volume in a month.

As Cosco did not break the short term downtrend resistance (upp red), it remains to be seen if Cosco can maintain its momentum.

We could see Cosco trading between the 0.730 support (blue --) and 0.775 neckline (lightblue --) as it tries to build a base.

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For monday :

Support @ 0.755 (green --), 0.735 (mid blue), 0.730 (blue --), 0.710 (red ...), 0.705 (mid red), 0.695 (upp pink)
Resistance @ 0.765 (upp red), 0.775 (lightblue --), 0.785 (upp blue), 0.790 (blue ...), 0.805, 0.820 (red --)
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