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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.

Wednesday, March 25, 2009

Cosco 250309

Cosco just about stayed within the uptrend channel (green). Cosco also failed to convincingly break the 0.835 resistance (green ...) but managed to stay above the 0.805 support (lightblue ...).

This 0.805 support, as well as the 0.790 support (blue ...), would be crucial for Cosco if it wants to continue and maintain its uptrend momentum.

If these 2 supports break, we might see Cosco test the 0.755 support (green --).

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For tomorrow:

Support @ 0.805 (mid green, lightblue ...), 0.790 (upp blue, blue ...), 0.780 (lightblue --), 0.765 (low red), 0.755 (green --)

Resistance @ 0.820 (red --), 0.830 (upp red), 0.835 (green ...), 0.845 (upp green), 0.870 (pink --)

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